Looking to diversify beyond IHYU.L? The ETFs below have the lowest correlation with IHYU.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 IHYU.L.
Best Diversifiers for IHYU.L
2 ETFs have low correlation with IHYU.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 0.17, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.17 | 0.21 | 0.26 | 69 | High Yield Bonds | IHYU.L vs JHYP.L | |
| iShares Fallen Angels High Yield Corporate Bond UC... | 0.22 | 0.22 | 0.26 | 58 | High Yield Bonds | IHYU.L vs WIGG.L | |
| iShares Core S&P 500 UCITS ETF | 0.50 | 0.49 | 0.49 | 82 | S&P 500 | IHYU.L vs CSP1.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.50 | 0.42 | 0.53 | 70 | Technology Equities, S&P 500 | IHYU.L vs IITU.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.50 | 0.56 | 0.62 | 52 | High Yield Bonds | IHYU.L vs STHE.L |
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