Looking to diversify beyond GEDM.L? The ETFs below have the lowest correlation with GEDM.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 GEDM.L.
Best Diversifiers for GEDM.L
1 ETFs have low correlation with GEDM.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.15, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.15 | 0.16 | 0.22 | 78 | Energy Equities | GEDM.L vs ESIE.L | |
| Vanguard FTSE 100 UCITS ETF (GBP) Accumulating | 0.40 | 0.49 | 0.47 | 56 | Europe Equities | GEDM.L vs VUKG.L | |
| iShares Core MSCI Japan IMI UCITS ETF | 0.46 | 0.46 | 0.46 | 60 | Japan Equities | GEDM.L vs SJPA.L | |
| L&G Quality Equity Dividends ESG Exclusions Europe... | 0.47 | 0.50 | 0.44 | 78 | Europe Equities | GEDM.L vs LDEG.L | |
| iShares Edge MSCI Europe Value Factor UCITS ETF | 0.53 | 0.52 | 0.51 | 78 | Europe Equities | GEDM.L vs IEFV.L |
See all 37 diversifiers for GEDM.L
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