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
11 ETFs have low correlation with BIPS.L (below 0.3), 2 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 -0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD High Yield Corporate Bond UCITS ETF | -0.04 | -0.03 | 0.00 | 58 | High Yield Bonds | BIPS.L vs IHYU.L | |
| iShares Emerging Markets Dividend UCITS ETF | -0.02 | -0.02 | 0.01 | 77 | Emerging Markets Equities | BIPS.L vs SEDY.L | |
| iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dis... | 0.00 | -0.04 | 0.02 | 67 | Emerging Markets Bonds | BIPS.L vs IEMB.L | |
| Invesco US High Yield Fallen Angels UCITS ETF Dist | 0.02 | 0.07 | 0.04 | 57 | High Yield Bonds | BIPS.L vs FAHY.L | |
| iShares UK Dividend UCITS ETF | 0.02 | 0.04 | 0.09 | 74 | Dividend | BIPS.L vs IUKD.L |
See all 11 diversifiers for BIPS.L
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