Looking to diversify beyond DRGN.L? The ETFs below have the lowest correlation with DRGN.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 DRGN.L.
Best Diversifiers for DRGN.L
12 ETFs have low correlation with DRGN.L (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) (Emerging Markets Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan USD Emerging Markets Sovereign Bond UCITS... | -0.11 | -0.19 | -0.18 | 60 | Emerging Markets Bonds | DRGN.L vs JMBP.L | |
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ... | -0.11 | -0.15 | -0.15 | 88 | Emerging Markets Bonds | DRGN.L vs UBXX.L | |
| L&G ROBO Global Robotics and Automation UCITS ETF | 0.02 | 0.02 | -0.01 | 82 | Robotics, Technology Equities | DRGN.L vs ROBG.L | |
| L&G Artificial Intelligence UCITS ETF | 0.05 | 0.05 | 0.02 | 82 | Technology Equities | DRGN.L vs AIAG.L | |
| L&G All Commodities UCITS ETF | 0.13 | 0.20 | 0.16 | 64 | Commodities | DRGN.L vs BCOG.L |
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