Looking to diversify beyond IDTM.L? The ETFs below have the lowest correlation with IDTM.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 IDTM.L.
Best Diversifiers for IDTM.L
14 ETFs have low correlation with IDTM.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.03 | -0.02 | -0.01 | 97 | Government Bonds, Ultrashort Bond | IDTM.L vs USFR.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.05 | -0.02 | -0.00 | 79 | Government Bonds | IDTM.L vs TFRN.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.09 | 0.03 | 0.01 | 70 | Technology Equities, S&P 500 | IDTM.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.12 | 0.03 | 0.02 | 68 | Technology Equities, S&P 500 | IDTM.L vs IUIT.L | |
| Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR U... | 0.19 | 0.17 | 0.27 | 100 | Government Bonds, Ultrashort Bond | IDTM.L vs PR1T.L |
See all 18 diversifiers for IDTM.L
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