Looking to diversify beyond GHYS.L? The ETFs below have the lowest correlation with GHYS.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 GHYS.L.
Best Diversifiers for GHYS.L
15 ETFs have low correlation with GHYS.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 -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Short Duration High Yield Corporate Bo... | -0.10 | 0.05 | 0.07 | 61 | High Yield Bonds | GHYS.L vs SDHG.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.06 | 0.16 | 0.21 | 65 | High Yield Bonds | GHYS.L vs JGYH.L | |
| iShares USD Short Duration High Yield Corporate Bo... | 0.09 | 0.13 | 0.16 | 74 | High Yield Bonds | GHYS.L vs SDHA.L | |
| iShares $ Short Duration High Yield Corp Bond UCI... | 0.10 | 0.13 | 0.14 | 73 | High Yield Bonds | GHYS.L vs SDHY.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.12 | 0.16 | 0.17 | 75 | High Yield Bonds | GHYS.L vs STYC.L |
See all 28 diversifiers for GHYS.L
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