Looking to diversify beyond IWDP.AS? The ETFs below have the lowest correlation with IWDP.AS — 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 IWDP.AS.
Best Diversifiers for IWDP.AS
2 ETFs have low correlation with IWDP.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) (Technology Equities) with a 1Y correlation of 0.21, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Information Technology Sector E... | 0.21 | 0.26 | 0.39 | 68 | Technology Equities | IWDP.AS vs WITS.AS | |
| iShares NASDAQ 100 UCITS ETF | 0.26 | 0.31 | 0.43 | 71 | Nasdaq-100 | IWDP.AS vs CNDX.AS | |
| iShares Core S&P 500 UCITS ETF | 0.43 | 0.47 | 0.59 | 68 | S&P 500 | IWDP.AS vs CSPX.AS | |
| iShares World Equity High Income UCITS ETF USD Inc | 0.48 | — | — | 74 | Global Equity Income | IWDP.AS vs WINC.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.48 | 0.52 | 0.62 | 68 | Global Equities | IWDP.AS vs IWDA.AS |
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