Looking to diversify beyond IGHY.L? The ETFs below have the lowest correlation with IGHY.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 IGHY.L.
Best Diversifiers for IGHY.L
4 ETFs have low correlation with IGHY.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) (High Yield Bonds) with a 1Y correlation of 0.14, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.14 | 0.25 | 0.32 | 69 | High Yield Bonds | IGHY.L vs JHYP.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.15 | 0.23 | 0.26 | 78 | Emerging Markets Equities | IGHY.L vs EIMI.L | |
| iShares Fallen Angels High Yield Corporate Bond UC... | 0.19 | 0.25 | 0.31 | 58 | High Yield Bonds | IGHY.L vs WIGG.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.29 | 0.27 | 0.33 | 68 | Technology Equities, S&P 500 | IGHY.L vs IUIT.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.30 | 0.29 | 0.37 | 70 | Technology Equities, S&P 500 | IGHY.L vs IITU.L |
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