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
9 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 -0.11, roughly unchanged from -0.18 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) | -0.11 | -0.12 | -0.18 | 100 | Government Bonds, Ultrashort Bond | IUKD.L vs IB01.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.07 | 0.09 | — | 84 | Nasdaq-100, Options Trading | IUKD.L vs QYLP.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.16 | — | — | 77 | Nasdaq-100, Derivative Income | IUKD.L vs JEQP.L | |
| VanEck Semiconductor UCITS ETF | 0.17 | 0.20 | 0.29 | 95 | Semiconductors, Technology Equities | IUKD.L vs SMGB.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF USD | 0.19 | 0.24 | — | 95 | Semiconductors | IUKD.L vs HNSC.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 JPMorgan Japanese Investment Trust (JFJ.L) (Financial Services) with a 1Y correlation of 0.33, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Japanese Investment Trust | 0.33 | 0.36 | 0.35 | 81 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.36 | 0.37 | 0.45 | 75 | Financial Services | |
| Blackrock World Mining Trust plc | 0.38 | 0.47 | 0.54 | 84 | Financial Services | |
| International Public Partnership | 0.41 | 0.44 | 0.37 | 84 | Financial Services | |
| Abrdn plc | 0.50 | 0.55 | 0.58 | 82 | Financial Services |
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