Looking to diversify beyond GHYG.L? The ETFs below have the lowest correlation with GHYG.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 GHYG.L.
Best Diversifiers for GHYG.L
8 ETFs have low correlation with GHYG.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Short Duration High Yield Corporate Bo... | -0.07 | 0.01 | 0.03 | 61 | High Yield Bonds | GHYG.L vs SDHG.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.06 | 0.14 | 0.14 | 75 | High Yield Bonds | GHYG.L vs STYC.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.06 | 0.12 | 0.14 | 72 | High Yield Bonds | GHYG.L vs STHY.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.11 | 0.11 | 0.18 | 65 | High Yield Bonds | GHYG.L vs JGYH.L | |
| Xtrackers USD High Yield Corporate Bond UCITS ETF ... | 0.11 | 0.21 | 0.26 | 54 | High Yield Bonds | GHYG.L vs XUHY.L |
See all 25 diversifiers for GHYG.L
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Diversification Analysis
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