Looking to balance out your exposure to KOD.L? The ETFs below have the lowest correlation with KOD.L — they tend to move on their own, which can help reduce risk when KOD.L drops. The stock ideas table highlights individual companies that behave independently from KOD.L.
Best Diversifiers for KOD.L
4 ETFs have low correlation with KOD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI Japan UCITS ETF Acc (LCJP.L) (Japan Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Japan UCITS ETF Acc | 0.05 | 0.04 | 0.05 | 59 | Japan Equities | KOD.L vs LCJP.L | |
| iShares Physical Silver ETC | 0.08 | 0.02 | 0.01 | 56 | Silver, Precious Metals | KOD.L vs SSLN.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.09 | 0.01 | 0.02 | 82 | S&P 500 | KOD.L vs VUAG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.09 | 0.01 | 0.02 | 78 | Nasdaq-100 | KOD.L vs EQQQ.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KOD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KOD.L and solid risk/return profiles. The least correlated is Games Workshop Group plc (GAW.L) (Consumer Cyclical) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Games Workshop Group plc | 0.03 | 0.00 | 0.02 | 68 | Consumer Cyclical |
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