Looking to diversify beyond GGOV.L? The ETFs below have the lowest correlation with GGOV.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 GGOV.L.
Best Diversifiers for GGOV.L
11 ETFs have low correlation with GGOV.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Euro Stoxx Banks UCITS ETF Acc (BNKE.L) (Financials Equities) with a 1Y correlation of 0.03, up from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Euro Stoxx Banks UCITS ETF Acc | 0.03 | -0.12 | -0.20 | 83 | Financials Equities | GGOV.L vs BNKE.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.06 | 0.07 | 0.04 | 99 | Money Market | GGOV.L vs CSH2.L | |
| Amundi Nasdaq-100 UCITS USD | 0.10 | -0.02 | -0.07 | 60 | Nasdaq-100 | GGOV.L vs ANXU.L | |
| First Trust Low Duration Global Government Bond UC... | 0.12 | 0.20 | 0.23 | 71 | Global Bonds | GGOV.L vs FGOV.L | |
| Amundi Core STOXX Europe 600 UCITS ETF Acc | 0.12 | 0.03 | -0.05 | 59 | Europe Equities | GGOV.L vs MEUD.L |
See all 13 diversifiers for GGOV.L
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Diversification Analysis
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