Looking to diversify beyond PEMD.L? The ETFs below have the lowest correlation with PEMD.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 PEMD.L.
Best Diversifiers for PEMD.L
2 ETFs have low correlation with PEMD.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares China CNY Bond UCITS ETF GBP Hedged (Dist) (CYGB.L) (Emerging Markets Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | -0.01 | -0.00 | 0.02 | 64 | Emerging Markets Bonds, Government Bonds | PEMD.L vs CYGB.L | |
| UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1... | 0.27 | 0.38 | 0.41 | 51 | Emerging Markets Bonds | PEMD.L vs SEMC.L | |
| PIMCO Emerging Markets Advantage Local Bond Index ... | 0.39 | 0.40 | 0.41 | 52 | Emerging Markets Bonds | PEMD.L vs EMLP.L | |
| L&G China CNY Bond UCITS ETF | 0.41 | 0.27 | 0.30 | 80 | Emerging Markets Bonds | PEMD.L vs DRGN.L | |
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ... | 0.43 | 0.50 | 0.51 | 90 | Emerging Markets Bonds | PEMD.L vs UBXX.L |
See all 27 diversifiers for PEMD.L
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