Looking to diversify beyond GLDW.L? The ETFs below have the lowest correlation with GLDW.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 GLDW.L.
Best Diversifiers for GLDW.L
38 ETFs have low correlation with GLDW.L (below 0.3), 5 of which are negatively correlated. The least correlated is WisdomTree Brent Crude Oil (BRNT.L) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Brent Crude Oil | -0.13 | 0.08 | 0.09 | 61 | Oil & Gas | GLDW.L vs BRNT.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | -0.08 | -0.01 | 0.08 | 97 | Government Bonds, Ultrashort Bond | GLDW.L vs USFR.L | |
| WisdomTree Soybean Oil | -0.04 | 0.04 | 0.08 | 74 | Agricultural Commodities | GLDW.L vs SOYO.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.04 | 0.01 | -0.00 | 99 | Money Market | GLDW.L vs CSH2.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | -0.04 | 0.02 | 0.03 | 79 | Government Bonds | GLDW.L vs TFRN.L |
See all 52 diversifiers for GLDW.L
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Diversification Analysis
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