Looking to diversify beyond IHYG.L? The ETFs below have the lowest correlation with IHYG.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 IHYG.L.
Best Diversifiers for IHYG.L
1 ETFs have low correlation with IHYG.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) (High Yield Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Short Duration High Yield Corporate Bo... | 0.13 | 0.16 | 0.16 | 70 | High Yield Bonds | IHYG.L vs SDHA.L | |
| Vanguard FTSE Developed Asia Pacific ex Japan UCIT... | 0.31 | 0.35 | 0.36 | 94 | Asia Pacific Equities | IHYG.L vs VAPX.L | |
| Lyxor FTSE 100 UCITS ETF - Acc | 0.33 | 0.34 | 0.35 | 71 | Europe Equities | IHYG.L vs L100.L | |
| iShares Core S&P 500 UCITS ETF | 0.44 | 0.31 | 0.38 | 82 | S&P 500 | IHYG.L vs CSP1.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.46 | 0.40 | 0.46 | 58 | Technology Equities, S&P 500 | IHYG.L vs IITU.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IHYG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IHYG.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.07 | 0.15 | 0.13 | 84 | Consumer Defensive |
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