Looking to diversify beyond IWDA.L? The ETFs below have the lowest correlation with IWDA.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 IWDA.L.
Best Diversifiers for IWDA.L
21 ETFs have low correlation with IWDA.L (below 0.3), 10 of which are negatively correlated. The least correlated is iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) (Commodities) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.18 | 0.04 | 0.11 | 83 | Commodities | IWDA.L vs ROLG.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.16 | 0.14 | 0.22 | 78 | Energy Equities | IWDA.L vs ESIE.L | |
| iShares Diversified Commodity Swap UCITS ETF | -0.16 | 0.03 | 0.07 | 67 | Commodities | IWDA.L vs COMM.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (D... | -0.16 | 0.16 | — | 78 | Energy Equities | IWDA.L vs EYED.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.14 | 0.19 | 0.27 | 59 | Energy Equities | IWDA.L vs WENS.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWDA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWDA.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.06, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.06 | 0.12 | 0.13 | 79 | Consumer Defensive | |
| JP Morgan Global Growth & Income plc | 0.67 | 0.74 | 0.72 | 76 | Financial Services | |
| F&C Investment Trust plc | 0.74 | 0.75 | 0.76 | 90 | Financial Services | |
| JPMorgan American Investment Trust | 0.74 | 0.80 | 0.79 | 84 | Financial Services |
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