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
12 ETFs have low correlation with GOVD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.02 | 0.02 | 0.02 | 99 | Money Market | GOVD.L vs CSH2.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.06 | -0.08 | -0.19 | 82 | Financials Equities | GOVD.L vs BNKE.L | |
| Amundi Nasdaq-100 UCITS USD | 0.08 | 0.02 | -0.06 | 69 | Nasdaq-100 | GOVD.L vs ANXU.L | |
| First Trust Low Duration Global Government Bond UC... | 0.09 | 0.18 | 0.23 | 68 | Global Bonds | GOVD.L vs FGOV.L | |
| Amundi MSCI Japan UCITS ETF Acc | 0.10 | 0.07 | 0.06 | 74 | Japan Equities, Asia Pacific Equities | GOVD.L vs LCJP.L |
See all 12 diversifiers for GOVD.L
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Diversification Analysis
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