Looking to balance out your exposure to WKL.AS? The ETFs below have the lowest correlation with WKL.AS — they tend to move on their own, which can help reduce risk when WKL.AS drops. The stock ideas table highlights individual companies that behave independently from WKL.AS.
Best Diversifiers for WKL.AS
2 ETFs have low correlation with WKL.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF (CNDX.AS) (Nasdaq-100) with a 1Y correlation of 0.16, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF | 0.16 | 0.27 | 0.30 | 71 | Nasdaq-100 | WKL.AS vs CNDX.AS | |
| Vanguard S&P 500 UCITS ETF | 0.17 | 0.28 | 0.33 | 70 | S&P 500 | WKL.AS vs VUSA.AS |
Diversification Analysis
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