Looking to diversify beyond DHYA.L? The ETFs below have the lowest correlation with DHYA.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 DHYA.L.
Best Diversifiers for DHYA.L
3 ETFs have low correlation with DHYA.L (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI Europe Utilities ESG Screened UCITS ETF 1C (XS6R.L) (Utilities Equities) with a 1Y correlation of 0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI Europe Utilities ESG Screened UCITS... | 0.03 | 0.15 | 0.16 | 54 | Utilities Equities | DHYA.L vs XS6R.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.16 | 0.21 | 0.26 | 69 | High Yield Bonds | DHYA.L vs JHYP.L | |
| iShares Fallen Angels High Yield Corporate Bond UC... | 0.21 | 0.22 | 0.26 | 58 | High Yield Bonds | DHYA.L vs WIGG.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.35 | 0.29 | 0.30 | 98 | Ultrashort Bond | DHYA.L vs ERNS.L | |
| iShares USD Short Duration High Yield Corporate Bo... | 0.38 | 0.42 | 0.52 | 61 | High Yield Bonds | DHYA.L vs SDHG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHYA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHYA.L and solid risk/return profiles. The least correlated is The City of London Investment Trust plc (CTY.L) (Financial Services) with a 1Y correlation of 0.48, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The City of London Investment Trust plc | 0.48 | 0.46 | 0.47 | 80 | Financial Services |
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