Looking to diversify beyond GLDV.MI? The ETFs below have the lowest correlation with GLDV.MI — 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 GLDV.MI.
Best Diversifiers for GLDV.MI
0 ETFs have low correlation with GLDV.MI (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P 500 UCITS ETF (SPY5.MI) (S&P 500) with a 1Y correlation of 0.47, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P 500 UCITS ETF | 0.47 | 0.48 | 0.59 | 70 | S&P 500 | GLDV.MI vs SPY5.MI | |
| SPDR MSCI World UCITS ETF | 0.54 | 0.57 | 0.64 | 69 | Global Equities | GLDV.MI vs SWRD.MI |
Diversification Analysis
Build a portfolio that complements GLDV.MI
Add GLDV.MI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GLDV.MI