Looking to balance out your exposure to RKT.L? The ETFs below have the lowest correlation with RKT.L — they tend to move on their own, which can help reduce risk when RKT.L drops. The stock ideas table highlights individual companies that behave independently from RKT.L.
Best Diversifiers for RKT.L
2 ETFs have low correlation with RKT.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) (Global Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.15 | 0.11 | 0.14 | 83 | Global Equities | RKT.L vs SWDA.L | |
| HSBC MSCI World UCITS ETF | 0.16 | 0.11 | 0.14 | 78 | Global Equities | RKT.L vs HMWO.L | |
| iShares FTSE 100 UCITS ETF | 0.37 | 0.33 | 0.30 | 56 | RKT.L vs CUKX.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RKT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RKT.L and solid risk/return profiles. The least correlated is Rio Tinto PLC (RIO.L) (Basic Materials) with a 1Y correlation of -0.01, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rio Tinto PLC | -0.01 | 0.02 | -0.02 | 96 | Basic Materials | |
| Samsung Electronics Co. Ltd | 0.03 | 0.05 | 0.02 | 99 | Technology | |
| Rolls-Royce Holdings PLC | 0.09 | 0.09 | 0.08 | 75 | Industrials | |
| Halma plc | 0.09 | 0.11 | 0.15 | 93 | Industrials | |
| Barclays plc | 0.11 | 0.08 | 0.07 | 77 | Financial Services |
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