PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) Diversifiers

ETF · Currency in GBp · Last updated Jun 4, 2026

The objective of this Sub-fund is to follow as consistently as possible the performance of the JP Morgan GBI Global IGand to minimize the difference between its performance and that of the Index. To reach this objective, the Sub-Fund will invest in securities sampled from the Index which may lead to an increase of the tracking error.Within the framework of this two-tiered sampling method, the Investment Manager will use the following approaches:- A portfolio optimisation carried out by matching modified duration both in terms of maturity and of geographical allocation;- A bond picking process aiming to select the best bonds in term of relative value.

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

9 ETFs have low correlation with GGOV.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) (Financials Equities) with a 1Y correlation of -0.03, up from -0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BNKE.L
Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc-0.03-0.09-0.15
50
Financials EquitiesGGOV.L vs BNKE.L
CSH2.L
Lyxor Smart Overnight Return UCITS ETF C-GBP0.020.020.01
99
Money MarketGGOV.L vs CSH2.L
FGOV.L
First Trust Low Duration Global Government Bond UC...0.070.190.19
64
Global BondsGGOV.L vs FGOV.L
100D.L
Amundi FTSE 100 UCITS ETF0.130.09-0.07
53
Europe EquitiesGGOV.L vs 100D.L
ANXU.L
Amundi Nasdaq-100 UCITS USD0.140.110.09
76
Nasdaq-100GGOV.L vs ANXU.L
See all 9 diversifiers for GGOV.L

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements GGOV.L

Add GGOV.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GGOV.L