Looking to diversify beyond GOVD.L? The ETFs below have the lowest correlation with GOVD.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 GOVD.L.
Best Diversifiers for GOVD.L
11 ETFs have low correlation with GOVD.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.05 | 0.02 | 0.01 | 99 | Money Market | GOVD.L vs CSH2.L | |
| Amundi Nasdaq-100 UCITS USD | 0.06 | 0.01 | -0.06 | 76 | Nasdaq-100 | GOVD.L vs ANXU.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.07 | -0.10 | -0.20 | 55 | Financials Equities | GOVD.L vs BNKE.L | |
| Lyxor MSCI All Country World UCITS ETF | 0.11 | 0.01 | -0.02 | 87 | Global Equities | GOVD.L vs ACWL.L | |
| Amundi FTSE 100 UCITS ETF | 0.12 | 0.06 | -0.11 | 55 | Europe Equities | GOVD.L vs 100D.L |
See all 11 diversifiers for GOVD.L
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Diversification Analysis
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