Looking to diversify beyond IUKP.L? The ETFs below have the lowest correlation with IUKP.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 IUKP.L.
Best Diversifiers for IUKP.L
4 ETFs have low correlation with IUKP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) (REIT) with a 1Y correlation of 0.21, roughly unchanged from 0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Data Center REITs & Digital Infrastructur... | 0.21 | 0.31 | — | 75 | REIT, Technology Equities, Large Cap Blend Equities | IUKP.L vs VPN.L | |
| iShares NASDAQ 100 UCITS ETF | 0.22 | 0.20 | 0.29 | 58 | Nasdaq-100 | IUKP.L vs CNDX.L | |
| Vanguard S&P 500 UCITS ETF | 0.26 | 0.23 | 0.30 | 76 | S&P 500 | IUKP.L vs VUSA.L | |
| iShares Core S&P 500 UCITS ETF | 0.27 | 0.23 | 0.30 | 75 | S&P 500 | IUKP.L vs CSP1.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.34 | 0.31 | 0.37 | 81 | Global Equities | IUKP.L vs SWDA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IUKP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IUKP.L and solid risk/return profiles. The least correlated is LondonMetric Property plc (LMP.L) (Real Estate) with a 1Y correlation of 0.84, roughly unchanged from 0.88 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LondonMetric Property plc | 0.84 | 0.86 | 0.88 | 55 | Real Estate | |
| Tritax Big Box REIT plc | 0.86 | 0.86 | 0.88 | 71 | Real Estate |
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