Looking to diversify beyond UKG5.L? The ETFs below have the lowest correlation with UKG5.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 UKG5.L.
Best Diversifiers for UKG5.L
7 ETFs have low correlation with UKG5.L (below 0.3), 1 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (BCOG.L) (Commodities) with a 1Y correlation of -0.37, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.37 | -0.14 | -0.13 | 64 | Commodities | UKG5.L vs BCOG.L | |
| L&G Artificial Intelligence UCITS ETF | 0.14 | 0.10 | 0.07 | 82 | Technology Equities | UKG5.L vs AIAG.L | |
| L&G US Equity UCITS ETF | 0.17 | 0.07 | 0.02 | 78 | Large Cap Blend Equities | UKG5.L vs LGUG.L | |
| L&G Artificial Intelligence UCITS ETF | 0.22 | 0.21 | 0.21 | 83 | Technology Equities | UKG5.L vs AIAI.L | |
| L&G ROBO Global Robotics and Automation UCITS ETF | 0.26 | 0.16 | 0.11 | 82 | Robotics, Technology Equities | UKG5.L vs ROBG.L |
See all 8 diversifiers for UKG5.L
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Diversification Analysis
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