Looking to diversify beyond EMDG.L? The ETFs below have the lowest correlation with EMDG.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 EMDG.L.
Best Diversifiers for EMDG.L
12 ETFs have low correlation with EMDG.L (below 0.3), 4 of which are negatively correlated. The least correlated is JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) (Emerging Markets Bonds) with a 1Y correlation of -0.13, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan USD Emerging Markets Sovereign Bond UCITS... | -0.13 | -0.03 | -0.01 | 60 | Emerging Markets Bonds | EMDG.L vs JMBP.L | |
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ... | -0.10 | 0.03 | 0.03 | 88 | Emerging Markets Bonds | EMDG.L vs UBXX.L | |
| L&G Quality Equity Dividends ESG Exclusions Europe... | -0.04 | -0.02 | -0.01 | 78 | Europe Equities | EMDG.L vs LDEG.L | |
| L&G ROBO Global Robotics and Automation UCITS ETF | -0.01 | 0.03 | 0.03 | 82 | Robotics, Technology Equities | EMDG.L vs ROBG.L | |
| L&G Artificial Intelligence UCITS ETF | 0.03 | 0.05 | 0.05 | 83 | Technology Equities | EMDG.L vs AIAI.L |
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