Looking to diversify beyond IUMF.L? The ETFs below have the lowest correlation with IUMF.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 IUMF.L.
Best Diversifiers for IUMF.L
1 ETFs have low correlation with IUMF.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.13, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.13 | 0.10 | 0.30 | 60 | Energy Equities, S&P 500 | IUMF.L vs IUES.L | |
| iShares UK Dividend UCITS ETF | 0.30 | 0.26 | 0.31 | 61 | Dividend | IUMF.L vs IUKD.L | |
| Vanguard FTSE Japan UCITS ETF Distributing | 0.44 | 0.44 | 0.44 | 60 | Japan Equities | IUMF.L vs VJPN.L | |
| JPMorgan Global Equity Multi-Factor UCITS ETF Accu... | 0.46 | 0.55 | 0.64 | 84 | Global Equities | IUMF.L vs JPLG.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.55 | 0.47 | 0.48 | 78 | Emerging Markets Equities | IUMF.L vs EIMI.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IUMF.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IUMF.L and solid risk/return profiles. The least correlated is Legal & General Group plc (LGEN.L) (Financial Services) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Legal & General Group plc | 0.23 | 0.27 | 0.29 | 63 | Financial Services | |
| Murray International Trust | 0.44 | 0.43 | 0.43 | 93 | Financial Services |
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