Looking to diversify beyond DRGG.L? The ETFs below have the lowest correlation with DRGG.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 DRGG.L.
Best Diversifiers for DRGG.L
16 ETFs have low correlation with DRGG.L (below 0.3), 11 of which are negatively correlated. The least correlated is iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged (Dist) (EMHG.L) (Emerging Markets Bonds) with a 1Y correlation of -0.21, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan $ EM Bond UCITS ETF GBP Hedged... | -0.21 | -0.28 | -0.27 | 66 | Emerging Markets Bonds, Government Bonds | DRGG.L vs EMHG.L | |
| iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP He... | -0.18 | -0.15 | -0.13 | 94 | Global Bonds | DRGG.L vs SGSU.L | |
| First Trust Low Duration Global Government Bond UC... | -0.16 | -0.03 | -0.04 | 71 | Global Bonds | DRGG.L vs FGOV.L | |
| iShares € Corp Bond Interest Rate Hedged ESG SRI U... | -0.15 | -0.12 | -0.14 | 56 | Global Bonds | DRGG.L vs IRCP.L | |
| L&G Japan Equity UCITS ETF | -0.10 | -0.10 | -0.10 | 60 | Japan Equities | DRGG.L vs LGJP.L |
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