Looking to balance out your exposure to BIPS.L? The ETFs below have the lowest correlation with BIPS.L — they tend to move on their own, which can help reduce risk when BIPS.L drops. The stock ideas table highlights individual companies that behave independently from BIPS.L.
Best Diversifiers for BIPS.L
10 ETFs have low correlation with BIPS.L (below 0.3), 3 of which are negatively correlated. The least correlated is iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) (High Yield Bonds) 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 |
|---|---|---|---|---|---|---|---|
| iShares USD High Yield Corporate Bond UCITS ETF | -0.01 | -0.03 | 0.01 | 64 | High Yield Bonds | BIPS.L vs IHYU.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.00 | -0.02 | -0.01 | 99 | Ultrashort Bond | BIPS.L vs ERNS.L | |
| iShares Emerging Markets Dividend UCITS ETF | -0.00 | -0.01 | 0.01 | 72 | Emerging Markets Equities | BIPS.L vs SEDY.L | |
| iShares Core S&P 500 UCITS ETF | 0.03 | 0.03 | 0.07 | 65 | S&P 500 | BIPS.L vs GSPX.L | |
| iShares MSCI World Small Cap UCITS ETF USD (Acc) | 0.04 | -0.00 | 0.07 | 70 | Global Equities | BIPS.L vs WSML.L |
See all 10 diversifiers for BIPS.L
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