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
3 ETFs have low correlation with GBHY.L (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) (High Yield Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Haitong Asia ex-Japan High Yield C... | 0.09 | 0.16 | — | 73 | High Yield Bonds, Emerging Markets Bonds, ESG | GBHY.L vs TAHY.L | |
| iShares $ High Yield Corp Bond ESG SRI UCITS ETF G... | 0.20 | 0.25 | — | 55 | High Yield Bonds, Corporate Bonds, ESG | GBHY.L vs DHYG.L | |
| iShares Broad $ High Yield Corp Bond UCITS ETF GBP... | 0.23 | 0.26 | — | 62 | High Yield Bonds, Corporate Bonds | GBHY.L vs HYSD.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.45 | 0.38 | — | 75 | Global Equities | GBHY.L vs FWRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.46 | 0.44 | — | 51 | Nasdaq-100 | GBHY.L vs EQQQ.L |
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