Looking to diversify beyond IHYA.L? The ETFs below have the lowest correlation with IHYA.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 IHYA.L.
Best Diversifiers for IHYA.L
8 ETFs have low correlation with IHYA.L (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF (CMOD.L) (Commodities) with a 1Y correlation of -0.28, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF | -0.28 | 0.03 | 0.13 | 70 | Commodities | IHYA.L vs CMOD.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.05 | 0.05 | 0.07 | 97 | Government Bonds, Ultrashort Bond | IHYA.L vs USFR.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.06 | 0.10 | 0.12 | 100 | Government Bonds, Ultrashort Bond | IHYA.L vs IB01.L | |
| Vanguard FTSE Developed Asia Pacific ex Japan UCIT... | 0.10 | 0.20 | 0.22 | 94 | Asia Pacific Equities | IHYA.L vs VAPX.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.14 | 0.21 | 0.25 | 69 | High Yield Bonds | IHYA.L vs JHYP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHYA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHYA.L and solid risk/return profiles. The least correlated is BioPharma Credit plc (BPCR.L) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BioPharma Credit plc | 0.06 | 0.07 | 0.06 | 91 | Financial Services |
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