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
9 ETFs have low correlation with CUKX.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) (Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | -0.06 | -0.04 | -0.13 | 99 | Government Bonds, Ultrashort Bond | CUKX.L vs IBTU.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.01 | -0.02 | -0.02 | 99 | Money Market | CUKX.L vs CSH2.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | 0.00 | 0.08 | 0.06 | 65 | Inflation-Protected Bonds | CUKX.L vs TI5G.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.12 | 0.12 | 0.10 | 98 | Ultrashort Bond | CUKX.L vs ERNS.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.21 | 0.25 | 0.34 | 68 | Technology Equities, S&P 500 | CUKX.L vs IUIT.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 0.30, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.30 | 0.32 | 0.38 | 66 | Consumer Defensive | |
| Fidelity China Special Situations plc | 0.35 | 0.35 | 0.37 | 61 | Financial Services | |
| Coca Cola HBC AG | 0.36 | 0.36 | 0.39 | 54 | Consumer Defensive | |
| Blackrock World Mining Trust plc | 0.43 | 0.52 | 0.55 | 92 | Financial Services | |
| Antofagasta plc | 0.44 | 0.48 | 0.51 | 91 | Basic Materials |
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