Looking to diversify beyond SDHY.L? The ETFs below have the lowest correlation with SDHY.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 SDHY.L.
Best Diversifiers for SDHY.L
6 ETFs have low correlation with SDHY.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) (High Yield Bonds) with a 1Y correlation of 0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares $ High Yield Corp Bond UCITS ETF GBP Hedge... | 0.03 | 0.12 | 0.15 | 68 | High Yield Bonds | SDHY.L vs IHHG.L | |
| iShares $ High Yield Corp Bond ESG SRI UCITS ETF G... | 0.07 | 0.15 | — | 53 | High Yield Bonds, Corporate Bonds, ESG | SDHY.L vs DHYG.L | |
| Janus Henderson Haitong Asia ex-Japan High Yield C... | 0.09 | 0.15 | — | 69 | High Yield Bonds | SDHY.L vs TAHY.L | |
| iShares Broad $ High Yield Corp Bond UCITS ETF | 0.10 | 0.15 | — | 64 | High Yield Bonds | SDHY.L vs HYSD.L | |
| PIMCO Advantage US Short-Term High Yield Corporate... | 0.12 | 0.18 | 0.17 | 80 | High Yield Bonds | SDHY.L vs STHS.L |
See all 29 diversifiers for SDHY.L
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