Looking to diversify beyond IWDP.L? The ETFs below have the lowest correlation with IWDP.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 IWDP.L.
Best Diversifiers for IWDP.L
15 ETFs have low correlation with IWDP.L (below 0.3), 3 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (BCOG.L) (Commodities) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.18 | -0.04 | 0.04 | 54 | Commodities | IWDP.L vs BCOG.L | |
| Invesco Bloomberg Commodity UCITS ETF | -0.15 | 0.02 | 0.14 | 58 | Commodities | IWDP.L vs CMOD.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.01 | 0.01 | 0.05 | 100 | Government Bonds, Ultrashort Bond | IWDP.L vs IB01.L | |
| State Street SPDR MSCI World Energy UCITS ETF | 0.01 | 0.17 | 0.21 | 51 | Energy Equities | IWDP.L vs ENGW.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.02 | 0.02 | -0.01 | 99 | Money Market | IWDP.L vs CSH2.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IWDP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IWDP.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.09, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.09 | 0.23 | 0.29 | 84 | Financial Services | |
| Tritax Big Box REIT plc | 0.48 | 0.51 | 0.53 | 70 | Real Estate |
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