Looking to diversify beyond SDHG.L? The ETFs below have the lowest correlation with SDHG.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 SDHG.L.
Best Diversifiers for SDHG.L
13 ETFs have low correlation with SDHG.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) (High Yield Bonds) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Fallen Angels High Yield Corporate Bond UC... | -0.09 | 0.00 | 0.03 | 58 | High Yield Bonds | SDHG.L vs WIGG.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | -0.03 | 0.02 | 0.04 | 69 | High Yield Bonds | SDHG.L vs JHYP.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.15 | 0.21 | 0.30 | 78 | Emerging Markets Equities | SDHG.L vs EIMI.L | |
| iShares MSCI ACWI UCITS ETF USD (Acc) | 0.15 | 0.25 | 0.24 | 73 | Global Equities | SDHG.L vs ISAC.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.20 | 0.25 | 0.29 | 52 | High Yield Bonds | SDHG.L vs STHE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDHG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDHG.L and solid risk/return profiles. The least correlated is Fidelity China Special Situations plc (FCSS.L) (Financial Services) with a 1Y correlation of 0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fidelity China Special Situations plc | 0.01 | 0.05 | 0.07 | 61 | Financial Services |
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