Looking to diversify beyond GDGB.L? The ETFs below have the lowest correlation with GDGB.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 GDGB.L.
Best Diversifiers for GDGB.L
7 ETFs have low correlation with GDGB.L (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) (High Yield Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Global Fallen Angel High Yield Bond UCITS E... | -0.07 | -0.05 | -0.03 | 57 | High Yield Bonds | GDGB.L vs GFGB.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.12 | 0.18 | 0.19 | 94 | Global Equities, Dividend | GDGB.L vs TDGB.L | |
| Invesco S&P SmallCap 600 UCITS ETF A | 0.23 | 0.18 | 0.16 | 81 | Small Cap Blend Equities | GDGB.L vs USML.L | |
| VanEck Semiconductor UCITS ETF | 0.25 | 0.15 | 0.15 | 97 | Semiconductors, Technology Equities | GDGB.L vs SMGB.L | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.26 | 0.19 | 0.15 | 69 | Emerging Markets Bonds | GDGB.L vs EMGB.L |
See all 16 diversifiers for GDGB.L
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Diversification Analysis
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