Looking to diversify beyond GOVD.L? The ETFs below have historically moved differently from GOVD.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GOVD.L
21 ETFs have low correlation with GOVD.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) (Emerging Markets Bonds) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | -0.04 | 0.05 | 0.08 | 76 | Emerging Markets Bonds, Government Bonds | GOVD.L vs CYGB.L | |
| iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP He... | -0.03 | 0.14 | 0.19 | 93 | Short-Term Bond | GOVD.L vs SGSU.L | |
| iShares $ Corp Bond Interest Rate Hedged UCITS ETF... | 0.00 | -0.03 | -0.02 | 60 | Global Corporate Bonds, Corporate Bonds | GOVD.L vs LQDH.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.02 | 0.03 | 0.02 | 99 | Money Market | GOVD.L vs CSH2.L | |
| First Trust Low Duration Global Government Bond UC... | 0.08 | 0.18 | 0.23 | 72 | Global Bonds | GOVD.L vs FGOV.L |
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