Looking to diversify beyond CUKX.L? The ETFs below have the lowest correlation with CUKX.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CUKX.L.
Best Diversifiers for CUKX.L
11 ETFs have low correlation with CUKX.L (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) (Commodities) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.12 | 0.03 | 0.14 | 71 | Commodities | CUKX.L vs ROLG.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | -0.09 | 0.00 | 0.02 | 98 | Government Bonds, Ultrashort Bond | CUKX.L vs IBTU.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.07 | -0.04 | -0.12 | 100 | Government Bonds, Ultrashort Bond | CUKX.L vs IB01.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.01 | -0.01 | -0.01 | 99 | Money Market | CUKX.L vs CSH2.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.02 | 0.02 | 0.09 | 97 | Corporate Bonds | CUKX.L vs FLOA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CUKX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CUKX.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of 0.31, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.31 | 0.32 | 0.37 | 70 | Consumer Defensive | |
| HICL Infrastructure Company Ltd | 0.33 | 0.32 | 0.32 | 72 | Financial Services | |
| Coca Cola HBC AG | 0.35 | 0.36 | 0.39 | 75 | Consumer Defensive | |
| International Public Partnership | 0.39 | 0.37 | 0.31 | 84 | Financial Services | |
| Blackrock World Mining Trust plc | 0.42 | 0.51 | 0.55 | 84 | Financial Services |
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