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), 0 of which are negatively correlated. The least correlated is VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) (Global Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Morningstar Developed Markets Dividend Lead... | 0.12 | 0.18 | 0.19 | 91 | Global Equities, Dividend | GDGB.L vs TDGB.L | |
| Invesco S&P SmallCap 600 UCITS ETF A | 0.20 | 0.18 | 0.16 | 64 | Small Cap Blend Equities | GDGB.L vs USML.L | |
| VanEck Semiconductor UCITS ETF | 0.20 | 0.14 | 0.14 | 97 | Semiconductors, Technology Equities | GDGB.L vs SMGB.L | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.20 | 0.18 | 0.14 | 54 | Emerging Markets Bonds | GDGB.L vs EMGB.L | |
| VanEck Hydrogen Economy UCITS ETF | 0.27 | 0.25 | 0.23 | 82 | Alternative Energy Equities | GDGB.L vs HDRO.L |
See all 17 diversifiers for GDGB.L
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