Looking to diversify beyond IDVY.L? The ETFs below have the lowest correlation with IDVY.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 IDVY.L.
Best Diversifiers for IDVY.L
4 ETFs have low correlation with IDVY.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) (Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | -0.05 | 0.03 | 0.05 | 98 | Government Bonds, Ultrashort Bond | IDVY.L vs IBTU.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.18 | 0.12 | — | 84 | Nasdaq-100, Options Trading | IDVY.L vs QYLP.L | |
| JPMorgan Nasdaq Equity Premium Income Active UCITS... | 0.20 | — | — | 70 | Nasdaq-100, Derivative Income | IDVY.L vs JEPQ.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.24 | — | — | 77 | Nasdaq-100, Derivative Income | IDVY.L vs JEQP.L | |
| iShares Core S&P 500 UCITS ETF | 0.37 | 0.29 | 0.42 | 72 | S&P 500 | IDVY.L vs CSP1.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IDVY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IDVY.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.41, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.41 | 0.36 | 0.45 | 75 | Financial Services | |
| Fidelity European Values | 0.59 | 0.62 | 0.65 | 56 | Financial Services |
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