Looking to diversify beyond EDOG.L? The ETFs below have the lowest correlation with EDOG.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 EDOG.L.
Best Diversifiers for EDOG.L
1 ETFs have low correlation with EDOG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) (Silver) with a 1Y correlation of 0.17, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Silver Miners UCITS ETF USD Accumulating | 0.17 | 0.20 | — | 54 | Silver, Commodity Producers Equities, Precious Metals | EDOG.L vs SILG.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.31 | 0.34 | — | 71 | Nasdaq-100, Options Trading | EDOG.L vs QYLP.L | |
| Global X Autonomous & Electric Vehicles UCITS ETF ... | 0.44 | 0.60 | — | 94 | Technology Equities | EDOG.L vs DRVG.L | |
| iShares Nasdaq US Biotechnology UCITS ETF | 0.53 | 0.55 | 0.61 | 76 | Health & Biotech Equities | EDOG.L vs BTEK.L | |
| iShares Nasdaq US Biotechnology UCITS ETF USD (Dis... | 0.54 | 0.57 | 0.62 | 72 | Health & Biotech Equities | EDOG.L vs BTEE.L |
See all 9 diversifiers for EDOG.L
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