Looking to diversify beyond IUKD.L? The ETFs below have the lowest correlation with IUKD.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 IUKD.L.
Best Diversifiers for IUKD.L
8 ETFs have low correlation with IUKD.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.00 | 0.07 | 0.05 | 100 | Government Bonds, Ultrashort Bond | IUKD.L vs IB01.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.06 | 0.10 | — | 71 | Nasdaq-100, Options Trading | IUKD.L vs QYLP.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.15 | 0.15 | 0.23 | 70 | Technology Equities, S&P 500 | IUKD.L vs IITU.L | |
| VanEck Semiconductor UCITS ETF | 0.20 | 0.23 | 0.29 | 97 | Semiconductors, Technology Equities | IUKD.L vs SMGB.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.23 | 0.24 | 0.38 | 68 | Technology Equities, S&P 500 | IUKD.L vs IUIT.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IUKD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IUKD.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.37, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.37 | 0.49 | 0.55 | 92 | Financial Services | |
| Murray International Trust | 0.53 | 0.52 | 0.55 | 93 | Financial Services | |
| Supermarket Income REIT PLC | 0.56 | 0.53 | 0.45 | 55 | Real Estate | |
| Aberforth Smaller Companies Trust plc | 0.56 | 0.54 | 0.57 | 60 | Financial Services | |
| The Mercantile Investment Trust plc | 0.61 | 0.65 | 0.67 | 56 | Financial Services |
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