Looking to diversify beyond UIND.L? The ETFs below have the lowest correlation with UIND.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 UIND.L.
Best Diversifiers for UIND.L
5 ETFs have low correlation with UIND.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) (Dividend) with a 1Y correlation of 0.11, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Inc... | 0.11 | 0.08 | 0.04 | 99 | Dividend | UIND.L vs JPST.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | 0.13 | 0.39 | 0.43 | 55 | Energy Equities | UIND.L vs QCLN.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.23 | 0.39 | 0.40 | 82 | Health & Biotech Equities | UIND.L vs FBT.L | |
| iShares World Equity High Income Active UCITS ETF ... | 0.28 | — | — | 88 | Dividend | UIND.L vs WINC.L | |
| First Trust Indxx Innovative Transaction & Process... | 0.29 | 0.44 | 0.54 | 66 | Technology Equities | UIND.L vs BLOK.L |
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