Looking to diversify beyond EDIV.L? The ETFs below have the lowest correlation with EDIV.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 EDIV.L.
Best Diversifiers for EDIV.L
2 ETFs have low correlation with EDIV.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.04 | 0.01 | 0.02 | 99 | Money Market | EDIV.L vs CSH2.L | |
| Amundi Nasdaq-100 UCITS USD | 0.29 | 0.37 | 0.48 | 61 | Nasdaq-100 | EDIV.L vs ANXU.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.31 | 0.36 | — | 70 | S&P 500 | EDIV.L vs 500U.L | |
| Lyxor S&P 500 UCITS ETF - Acc | 0.31 | 0.34 | 0.47 | 72 | S&P 500 | EDIV.L vs SP5L.L | |
| Amundi Prime All Country World UCITS ETF Income | 0.40 | 0.43 | 0.43 | 83 | Global Equities | EDIV.L vs PACW.L |
See all 35 diversifiers for EDIV.L
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Diversification Analysis
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