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
14 ETFs have low correlation with GHYS.L (below 0.3), 3 of which are negatively correlated. The least correlated is VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYGB.L) (Emerging Markets Bonds) with a 1Y correlation of -0.15, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Emerging Markets High Yield Bond UCITS ETF ... | -0.15 | -0.12 | -0.13 | 51 | Emerging Markets Bonds, High Yield Bonds, Corporate Bonds | GHYS.L vs HYGB.L | |
| Janus Henderson Haitong Asia ex-Japan High Yield C... | -0.02 | -0.04 | — | 74 | High Yield Bonds, Emerging Markets Bonds, ESG | GHYS.L vs TAHY.L | |
| VanEck Emerging Markets High Yield Bond UCITS ETF ... | -0.02 | -0.02 | -0.05 | 74 | Emerging Markets Bonds, High Yield Bonds, Corporate Bonds | GHYS.L vs HYEM.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.04 | 0.15 | 0.21 | 62 | High Yield Bonds | GHYS.L vs JGYH.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.08 | 0.30 | 0.35 | 95 | Global Equities, Dividend | GHYS.L vs TDGB.L |
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