Looking to balance out your exposure to UKW.L? The ETFs below have the lowest correlation with UKW.L — they tend to move on their own, which can help reduce risk when UKW.L drops. The stock ideas table highlights individual companies that behave independently from UKW.L.
No Diversifiers Found for UKW.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UKW.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UKW.L and solid risk/return profiles. The least correlated is BioPharma Credit plc (BPCR.L) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BioPharma Credit plc | 0.04 | 0.04 | 0.00 | 91 | Financial Services | |
| Legal & General Group plc | 0.23 | 0.27 | 0.24 | 63 | Financial Services |
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