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
10 ETFs have low correlation with UKG5.L (below 0.3), 2 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (BCOG.L) (Commodities) with a 1Y correlation of -0.40, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.40 | -0.15 | -0.15 | 54 | Commodities | UKG5.L vs BCOG.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.16 | -0.11 | -0.10 | 100 | Government Bonds, Ultrashort Bond | UKG5.L vs IB01.L | |
| L&G Artificial Intelligence UCITS ETF | 0.12 | 0.10 | 0.06 | 76 | Technology Equities | UKG5.L vs AIAG.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.12 | 0.23 | 0.15 | 61 | Utilities Equities, Global Equities | UKG5.L vs INFR.L | |
| L&G US Equity UCITS ETF | 0.17 | 0.08 | 0.01 | 67 | Large Cap Blend Equities | UKG5.L vs LGUG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UKG5.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UKG5.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.32, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.32 | 0.21 | 0.10 | 84 | Financial Services |
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