Looking to diversify beyond HYGU.L? The ETFs below have the lowest correlation with HYGU.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 HYGU.L.
Best Diversifiers for HYGU.L
2 ETFs have low correlation with HYGU.L (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) (High Yield Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Advantage US Short-Term High Yield Corporate... | 0.08 | 0.06 | 0.07 | 80 | High Yield Bonds | HYGU.L vs STHS.L | |
| Janus Henderson Haitong Asia ex-Japan High Yield C... | 0.11 | 0.18 | — | 69 | High Yield Bonds | HYGU.L vs TAHY.L | |
| VanEck Emerging Markets High Yield Bond UCITS ETF | 0.34 | 0.34 | 0.36 | 64 | High Yield Bonds | HYGU.L vs HYEM.L | |
| iShares Global High Yield Corporate Bond UCITS ETF | 0.45 | 0.44 | 0.58 | 67 | High Yield Bonds | HYGU.L vs HYEA.L | |
| Xtrackers USD High Yield Corporate Bond UCITS ETF ... | 0.49 | 0.53 | 0.60 | 63 | High Yield Bonds | HYGU.L vs XUHY.L |
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