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Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) Diversifiers

ETF · Currency in EUR · Last updated Jul 4, 2026

GB1E.DE is a passive ETF by Invesco tracking the investment results of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. GB1E.DE launched on Apr 12, 2023 and has a 0.30% expense ratio.

Looking to diversify beyond GB1E.DE? The ETFs below have the lowest correlation with GB1E.DE — 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 GB1E.DE.

Best Diversifiers for GB1E.DE

6 ETFs have low correlation with GB1E.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.09 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IS3K.DE
iShares USD Short Duration High Yield Corporate Bo...-0.010.09—
60
High Yield BondsGB1E.DE vs IS3K.DE
IS0R.DE
iShares USD High Yield Corporate Bond UCITS ETF US...0.070.20—
61
High Yield BondsGB1E.DE vs IS0R.DE
XZHY.DE
Xtrackers ESG USD High Yield Corporate Bond UCITS ...0.090.21—
58
High Yield BondsGB1E.DE vs XZHY.DE
GFEA.DE
VanEck Global Fallen Angel High Yield Bond UCITS E...0.140.28—
67
High Yield BondsGB1E.DE vs GFEA.DE
XUHY.DE
Xtrackers USD High Yield Corporate Bond UCITS ETF ...0.150.230.25
60
High Yield BondsGB1E.DE vs XUHY.DE
See all 16 diversifiers for GB1E.DE

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Diversification Analysis

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