Looking to diversify beyond IGDA.L? The ETFs below have the lowest correlation with IGDA.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 IGDA.L.
Best Diversifiers for IGDA.L
10 ETFs have low correlation with IGDA.L (below 0.3), 6 of which are negatively correlated. The least correlated is Invesco US Energy Sector UCITS ETF (XLEP.L) (Energy Equities) with a 1Y correlation of -0.17, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco US Energy Sector UCITS ETF | -0.17 | 0.12 | — | 57 | Energy Equities | IGDA.L vs XLEP.L | |
| Invesco Energy S&P US Select Sector UCITS ETF Acc | -0.14 | 0.14 | 0.19 | 62 | Energy Equities | IGDA.L vs XLES.L | |
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.14 | 0.05 | — | 67 | Commodities | IGDA.L vs CMOP.L | |
| Invesco Bloomberg Commodity UCITS ETF | -0.11 | 0.11 | 0.16 | 70 | Commodities | IGDA.L vs CMOD.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.11 | 0.20 | — | 66 | Energy Equities | IGDA.L vs WDEE.L |
See all 103 diversifiers for IGDA.L
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Diversification Analysis
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