Looking to diversify beyond GBDV.L? The ETFs below have the lowest correlation with GBDV.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 GBDV.L.
Best Diversifiers for GBDV.L
4 ETFs have low correlation with GBDV.L (below 0.3), 0 of which are negatively correlated. The least correlated is Scottish Mortgage Investment Trust plc (SMT.L) (Global Equities) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | 0.18 | 0.32 | 0.35 | 83 | Global Equities | GBDV.L vs SMT.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.19 | 0.39 | 0.44 | 66 | Alternative Energy Equities, Global Equities | GBDV.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | 0.20 | 0.37 | 0.46 | 96 | Alternative Energy Equities, Global Equities | GBDV.L vs BATG.L | |
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.20 | 0.32 | 0.44 | 61 | Momentum, Global Equities | GBDV.L vs IWMO.L | |
| iShares Core MSCI World UCITS ETF | 0.32 | 0.43 | 0.51 | 69 | Global Equities | GBDV.L vs IWDG.L |
See all 69 diversifiers for GBDV.L
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Diversification Analysis
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