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 UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) (Emerging Markets Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ... | -0.10 | -0.15 | -0.15 | 90 | Emerging Markets Bonds | DRGN.L vs UBXX.L | |
| JPMorgan USD Emerging Markets Sovereign Bond UCITS... | -0.10 | -0.19 | -0.18 | 64 | Emerging Markets Bonds | DRGN.L vs JMBP.L | |
| L&G ROBO Global Robotics and Automation UCITS ETF | 0.05 | 0.02 | -0.01 | 76 | Robotics, Technology Equities | DRGN.L vs ROBG.L | |
| L&G ESG Emerging Markets Government Bond (USD) 0-5... | 0.06 | 0.06 | 0.11 | 58 | Emerging Markets Bonds | DRGN.L vs EMDG.L | |
| L&G Artificial Intelligence UCITS ETF | 0.06 | 0.05 | 0.02 | 79 | Technology Equities | DRGN.L vs AIAG.L |
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