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
1 ETFs have low correlation with DRDR.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) (Momentum) with a 1Y correlation of 0.29, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.29 | 0.40 | 0.48 | 61 | Momentum, Global Equities | DRDR.L vs IWFM.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.32 | 0.41 | 0.48 | 62 | Emerging Markets Equities | DRDR.L vs EIMI.L | |
| iShares Edge MSCI USA Value Factor UCITS | 0.33 | 0.52 | 0.54 | 97 | Large Cap Value Equities | DRDR.L vs IUVF.L | |
| iShares NASDAQ 100 UCITS ETF | 0.35 | 0.43 | 0.57 | 61 | Nasdaq-100 | DRDR.L vs CNDX.L | |
| iShares Core S&P 500 UCITS ETF | 0.40 | 0.51 | 0.59 | 72 | S&P 500 | DRDR.L vs CSP1.L |
See all 21 diversifiers for DRDR.L
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