Looking to diversify beyond EHYG.L? The ETFs below have the lowest correlation with EHYG.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 EHYG.L.
Best Diversifiers for EHYG.L
7 ETFs have low correlation with EHYG.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) (High Yield Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Short Duration High Yield Corporate Bo... | -0.06 | 0.01 | — | 61 | High Yield Bonds | EHYG.L vs SDHG.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.09 | 0.12 | — | 72 | High Yield Bonds | EHYG.L vs STHY.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.13 | 0.16 | — | 65 | High Yield Bonds | EHYG.L vs JGYH.L | |
| iShares USD High Yield Corporate Bond UCITS ETF US... | 0.17 | 0.21 | — | 61 | High Yield Bonds | EHYG.L vs IHYA.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.19 | 0.22 | — | 76 | High Yield Bonds | EHYG.L vs JHYU.L |
See all 25 diversifiers for EHYG.L
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