Looking to diversify beyond CMOD.L? The ETFs below have the lowest correlation with CMOD.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 CMOD.L.
Best Diversifiers for CMOD.L
25 ETFs have low correlation with CMOD.L (below 0.3), 23 of which are negatively correlated. The least correlated is iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) (High Yield Bonds) with a 1Y correlation of -0.22, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD High Yield Corporate Bond UCITS ETF US... | -0.22 | 0.03 | 0.14 | 60 | High Yield Bonds | CMOD.L vs IHYA.L | |
| iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | -0.19 | -0.04 | -0.02 | 84 | Government Bonds, Short-Term Bond | CMOD.L vs IBTA.L | |
| Invesco European Banks Sector UCITS ETF | -0.17 | 0.06 | 0.14 | 78 | Financials Equities | CMOD.L vs X7PP.L | |
| Invesco FTSE All-World UCITS ETF Acc | -0.17 | 0.03 | 0.03 | 88 | Global Equities | CMOD.L vs FWRG.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | -0.16 | -0.03 | 0.02 | 64 | Nasdaq-100 | CMOD.L vs EQGB.L |
See all 41 diversifiers for CMOD.L
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Diversification Analysis
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