Looking to diversify beyond GBHY.L? The ETFs below have the lowest correlation with GBHY.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 GBHY.L.
Best Diversifiers for GBHY.L
7 ETFs have low correlation with GBHY.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) (Nasdaq-100) with a 1Y correlation of 0.15, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.15 | 0.17 | 0.20 | 64 | Nasdaq-100 | GBHY.L vs EQGB.L | |
| iShares Global High Yield Corp Bond UCITS ETF GBP ... | 0.15 | 0.22 | — | 54 | High Yield Bonds | GBHY.L vs GHYG.L | |
| iShares USD Short Duration High Yield Corporate Bo... | 0.15 | 0.34 | 0.38 | 55 | High Yield Bonds | GBHY.L vs SDHG.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.19 | 0.33 | 0.38 | 57 | High Yield Bonds | GBHY.L vs SSHY.L | |
| iShares € High Yield Corp Bond ESG SRI UCITS ETF G... | 0.22 | 0.28 | 0.28 | 61 | High Yield Bonds | GBHY.L vs EHYG.L |
See all 32 diversifiers for GBHY.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GBHY.L
Add GBHY.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GBHY.L