Looking to diversify beyond IWDG.L? The ETFs below have the lowest correlation with IWDG.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 IWDG.L.
Best Diversifiers for IWDG.L
11 ETFs have low correlation with IWDG.L (below 0.3), 6 of which are negatively correlated. The least correlated is PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.L) (Ultrashort Bond) with a 1Y correlation of -0.27, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO US Dollar Short Maturity UCITS ETF USD (Dist... | -0.27 | -0.22 | -0.29 | 99 | Ultrashort Bond, Short-Term Bond | IWDG.L vs MINT.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.24 | 0.07 | 0.15 | 51 | Energy Equities | IWDG.L vs WENS.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | -0.12 | 0.14 | 0.28 | 66 | Utilities Equities, Global Equities | IWDG.L vs INFR.L | |
| Invesco Variable Rate Preferred Shares UCITS ETF U... | -0.05 | -0.00 | -0.03 | 59 | Preferred Stock/Convertible Bonds | IWDG.L vs VRPS.L | |
| Franklin Euro Short Maturity UCITS ETF EUR (Dist) | -0.05 | -0.11 | -0.11 | 87 | Ultra Short-Term Bonds, Investment Grade Bonds | IWDG.L vs FLES.L |
See all 54 diversifiers for IWDG.L
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