Looking to diversify beyond DRDR.L? The ETFs below have the lowest correlation with DRDR.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 DRDR.L.
Best Diversifiers for DRDR.L
2 ETFs have low correlation with DRDR.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) (Technology Equities) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Information Technology Sector UCIT... | 0.24 | 0.32 | 0.45 | 70 | Technology Equities, S&P 500 | DRDR.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.27 | 0.34 | 0.46 | 68 | Technology Equities, S&P 500 | DRDR.L vs IUIT.L | |
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.32 | 0.43 | 0.50 | 72 | Momentum, Global Equities | DRDR.L vs IWFM.L | |
| iShares NASDAQ 100 UCITS ETF | 0.40 | 0.46 | 0.59 | 75 | Nasdaq-100 | DRDR.L vs CNDX.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.41 | 0.46 | 0.50 | 78 | Emerging Markets Equities | DRDR.L vs EIMI.L |
See all 19 diversifiers for DRDR.L
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Diversification Analysis
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