Looking to diversify beyond IBGL.MI? The ETFs below have the lowest correlation with IBGL.MI — 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 IBGL.MI.
Best Diversifiers for IBGL.MI
4 ETFs have low correlation with IBGL.MI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) (Nasdaq-100) with a 1Y correlation of 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.22 | 0.09 | 0.07 | 72 | Nasdaq-100 | IBGL.MI vs CSNDX.MI | |
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.26 | 0.13 | 0.04 | 64 | Momentum, Global Equities | IBGL.MI vs IWMO.MI | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.26 | 0.11 | 0.07 | 68 | S&P 500 | IBGL.MI vs CSSPX.MI | |
| iShares Core S&P 500 UCITS ETF USD Dist | 0.27 | 0.12 | 0.06 | 70 | S&P 500 | IBGL.MI vs IUSA.MI |
Diversification Analysis
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