Looking to diversify beyond USIC.L? The ETFs below have the lowest correlation with USIC.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 USIC.L.
Best Diversifiers for USIC.L
4 ETFs have low correlation with USIC.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) (Corporate Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.04 | 0.02 | — | 96 | Corporate Bonds | USIC.L vs FLOA.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.17 | 0.11 | — | 97 | Corporate Bonds | USIC.L vs ERNA.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.28 | 0.26 | — | 99 | Money Market | USIC.L vs CSH2.L | |
| iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD... | 0.30 | 0.36 | — | 90 | Corporate Bonds | USIC.L vs SUSU.L | |
| Amundi Nasdaq-100 UCITS USD | 0.37 | 0.25 | — | 67 | Nasdaq-100 | USIC.L vs ANXU.L |
See all 15 diversifiers for USIC.L
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Diversification Analysis
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