Looking to diversify beyond XUEK.L? The ETFs below have the lowest correlation with XUEK.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 XUEK.L.
Best Diversifiers for XUEK.L
2 ETFs have low correlation with XUEK.L (below 0.3), 2 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.01 | -0.02 | -0.01 | 99 | Money Market | XUEK.L vs CSH2.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.00 | 0.04 | 0.04 | 65 | Inflation-Protected Bonds | XUEK.L vs TI5G.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.35 | 0.26 | 0.26 | 99 | Europe Equities | XUEK.L vs JRDZ.L | |
| Xtrackers MSCI USA Information Technology UCITS ET... | 0.43 | 0.43 | 0.51 | 70 | Technology Equities | XUEK.L vs XSTC.L | |
| Xtrackers MSCI World Information Technology UCITS ... | 0.46 | 0.45 | 0.45 | 71 | Technology Equities | XUEK.L vs XXTW.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XUEK.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XUEK.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.45, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.45 | 0.48 | 0.46 | 92 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.61 | 0.58 | 0.62 | 76 | Financial Services |
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