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
11 ETFs have low correlation with GHYG.L (below 0.3), 2 of which are negatively correlated. The least correlated is Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) (High Yield Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Haitong Asia ex-Japan High Yield C... | -0.12 | -0.07 | — | 73 | High Yield Bonds, Emerging Markets Bonds, ESG | GHYG.L vs TAHY.L | |
| VanEck Emerging Markets High Yield Bond UCITS ETF ... | -0.08 | -0.04 | -0.06 | 74 | Emerging Markets Bonds, High Yield Bonds, Corporate Bonds | GHYG.L vs HYEM.L | |
| iShares USD Short Duration High Yield Corporate Bo... | 0.02 | 0.10 | 0.13 | 77 | High Yield Bonds | GHYG.L vs SDHA.L | |
| iShares € High Yield Corp Bond UCITS ETF USD Hedge... | 0.06 | 0.06 | 0.11 | 64 | European High Yield Bonds, High Yield Bonds, European Corporate Bonds | GHYG.L vs HYGU.L | |
| iShares Broad USD High Yield Corporate Bond UCITS ... | 0.08 | 0.16 | — | 63 | High Yield Bonds | GHYG.L vs HYUS.L |
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