Looking to diversify beyond EUDV.L? The ETFs below have the lowest correlation with EUDV.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 EUDV.L.
Best Diversifiers for EUDV.L
2 ETFs have low correlation with EUDV.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) (Energy Equities) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.06 | 0.11 | 0.15 | 59 | Energy Equities | EUDV.L vs WENS.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.24 | 0.20 | 0.20 | 99 | Europe Equities | EUDV.L vs JRDZ.L | |
| iShares MSCI EM UCITS ETF (Acc) | 0.30 | 0.39 | 0.42 | 88 | Emerging Markets Equities | EUDV.L vs SEMA.L | |
| State Street SPDR S&P 500 UCITS ETF | 0.32 | 0.31 | 0.43 | 75 | S&P 500 | EUDV.L vs SPY5.L | |
| Vanguard FTSE Developed Asia Pacific ex Japan UCIT... | 0.32 | 0.45 | 0.47 | 94 | Asia Pacific Equities | EUDV.L vs VAPX.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EUDV.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EUDV.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.16, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.16 | 0.29 | 0.27 | 79 | Consumer Defensive |
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