Looking to diversify beyond VUKG.L? The ETFs below have the lowest correlation with VUKG.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 VUKG.L.
Best Diversifiers for VUKG.L
10 ETFs have low correlation with VUKG.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) (Energy Equities) with a 1Y correlation of -0.01, down from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.01 | 0.29 | — | 59 | Energy Equities | VUKG.L vs WENS.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | 0.07 | 0.36 | 0.47 | 78 | Energy Equities | VUKG.L vs ESIE.L | |
| Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (US... | 0.11 | 0.09 | 0.06 | 99 | Government Bonds, Ultrashort Bond | VUKG.L vs VDST.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.12 | 0.20 | — | 71 | Nasdaq-100, Options Trading | VUKG.L vs QYLP.L | |
| Vanguard USD Emerging Markets Government Bond UCIT... | 0.19 | 0.19 | 0.10 | 52 | Emerging Markets Bonds | VUKG.L vs VEMA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VUKG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VUKG.L and solid risk/return profiles. The least correlated is ITM Power (ITM.L) (Industrials) with a 1Y correlation of 0.22, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ITM Power | 0.22 | 0.27 | 0.30 | 83 | Industrials | |
| Law Debenture Corp | 0.68 | 0.71 | 0.73 | 83 | Financial Services |
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