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Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) (GOVG.L) Diversifiers

ETF · Currency in GBp · Last updated Jun 5, 2026

The objective of this Sub-fund is to follow as consistently as possible the performance of the JP Morgan GBI Global IGand to minimize the difference between its performance and that of the Index. To reach this objective, the Sub-Fund will invest in securities sampled from the Index which may lead to an increase of the tracking error.Within the framework of this two-tiered sampling method, the Investment Manager will use the following approaches:- A portfolio optimisation carried out by matching modified duration both in terms of maturity and of geographical allocation;- A bond picking process aiming to select the best bonds in term of relative value.

Looking to diversify beyond GOVG.L? The ETFs below have the lowest correlation with GOVG.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 GOVG.L.

Best Diversifiers for GOVG.L

6 ETFs have low correlation with GOVG.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 -0.08, down from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CSH2.L
Lyxor Smart Overnight Return UCITS ETF C-GBP-0.080.020.04
99
Money MarketGOVG.L vs CSH2.L
500G.L
Amundi S&P 500 Swap UCITS ETF USD Acc0.060.00-0.04
82
S&P 500GOVG.L vs 500G.L
ACWL.L
Lyxor MSCI All Country World UCITS ETF0.11-0.01—
87
Global EquitiesGOVG.L vs ACWL.L
BNKE.L
Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc0.180.01-0.10
55
Financials EquitiesGOVG.L vs BNKE.L
CW8G.L
Amundi MSCI World UCITS USD0.190.08—
83
Global EquitiesGOVG.L vs CW8G.L
See all 9 diversifiers for GOVG.L

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Diversification Analysis

Build a portfolio that complements GOVG.L

Add GOVG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GOVG.L