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Duke Royalty Ltd (DUKE.L) Diversifiers

Equity · Currency in GBp · Last updated Jul 22, 2026

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business. It seeks to provides capital to companies in exchange for rights to a small percentage of future revenues. The firm prefers government and/or regulatory licensed businesses. Duke Royalty Limited was founded in 2015 and is based in St. Peter Port, Guernsey.

Looking to balance out your exposure to DUKE.L? The ETFs below have the lowest correlation with DUKE.L — they tend to move on their own, which can help reduce risk when DUKE.L drops. The stock ideas table highlights individual companies that behave independently from DUKE.L.

Best Diversifiers for DUKE.L

12 ETFs have low correlation with DUKE.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor UCITS ETF (SMGB.L) (Semiconductors) with a 1Y correlation of 0.04, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SMGB.L
VanEck Semiconductor UCITS ETF0.040.040.10
95
Semiconductors, Technology EquitiesDUKE.L vs SMGB.L
IUMF.L
iShares Edge MSCI USA Momentum Factor UCITS ETF0.040.050.06
62
Momentum, Large Cap Growth EquitiesDUKE.L vs IUMF.L
SEDY.L
iShares Emerging Markets Dividend UCITS ETF0.050.050.07
72
Emerging Markets EquitiesDUKE.L vs SEDY.L
GSPX.L
iShares Core S&P 500 UCITS ETF0.070.040.10
65
S&P 500DUKE.L vs GSPX.L
R2SC.L
SPDR Russell 2000 US Small Cap UCITS ETF0.080.070.06
82
Small Cap Blend EquitiesDUKE.L vs R2SC.L
See all 12 diversifiers for DUKE.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from DUKE.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DUKE.L and solid risk/return profiles. The least correlated is Legal & General Group plc (LGEN.L) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
LGEN.L
Legal & General Group plc0.090.090.10
76
Financial Services
ABDN.L
Abrdn plc0.100.090.10
78
Financial Services
MYI.L
Murray International Trust0.100.080.11
94
Financial Services

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Diversification Analysis

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