Looking to diversify beyond DRVG.L? The ETFs below have the lowest correlation with DRVG.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 DRVG.L.
Best Diversifiers for DRVG.L
0 ETFs have low correlation with DRVG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) (Nasdaq-100) with a 1Y correlation of 0.35, roughly unchanged from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.35 | 0.42 | — | 73 | Nasdaq-100, Options Trading | DRVG.L vs QYLP.L | |
| Global X Silver Miners UCITS ETF USD Accumulating | 0.36 | 0.31 | — | 55 | Silver, Commodity Producers Equities, Precious Metals | DRVG.L vs SILG.L | |
| Global X Wind Energy UCITS ETF USD Accumulating | 0.41 | 0.44 | — | 79 | Energy Equities | DRVG.L vs WNDG.L | |
| Global X Solar UCITS ETF USD Accumulating | 0.50 | 0.51 | — | 84 | Energy Equities | DRVG.L vs RAYG.L | |
| Global X Renewable Energy Producers UCITS ETF USD ... | 0.51 | 0.50 | — | 93 | Energy Equities | DRVG.L vs RNRU.L |
See all 42 diversifiers for DRVG.L
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