Looking to diversify beyond IIND.L? The ETFs below have the lowest correlation with IIND.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 IIND.L.
Best Diversifiers for IIND.L
4 ETFs have low correlation with IIND.L (below 0.3), 1 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 -0.28, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.28 | -0.05 | 0.04 | 75 | Commodities | IIND.L vs ROLG.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.08 | 0.10 | 0.09 | 100 | Government Bonds, Ultrashort Bond | IIND.L vs IB01.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.08 | 0.13 | 0.11 | 97 | Corporate Bonds | IIND.L vs FLOA.L | |
| L&G Quality Equity Dividends ESG Exclusions Asia P... | 0.29 | 0.29 | 0.32 | 61 | Asia Pacific Equities | IIND.L vs LDAG.L | |
| iShares FTSE 100 UCITS ETF | 0.30 | 0.26 | 0.32 | 70 | IIND.L vs CUKX.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IIND.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IIND.L and solid risk/return profiles. The least correlated is CMC Markets plc (CMCX.L) (Financial Services) with a 1Y correlation of 0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CMC Markets plc | 0.02 | 0.08 | 0.13 | 99 | Financial Services |
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