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
3 ETFs have low correlation with SDHY.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) (High Yield Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global High Yield Corp Bond UCITS ETF GBP ... | 0.10 | 0.13 | 0.13 | 54 | High Yield Bonds | SDHY.L vs GHYG.L | |
| iShares Fallen Angels High Yield Corporate Bond UC... | 0.18 | 0.15 | 0.14 | 63 | High Yield Bonds | SDHY.L vs WIGG.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.28 | 0.29 | 0.31 | 58 | Technology Equities, S&P 500 | SDHY.L vs IITU.L | |
| iShares Core S&P 500 UCITS ETF | 0.42 | 0.44 | 0.43 | 82 | S&P 500 | SDHY.L vs CSP1.L | |
| Lyxor ESG USD High Yield (DR) UCITS ETF - Dist | 0.44 | 0.52 | 0.62 | 54 | High Yield Bonds | SDHY.L vs UHYG.L |
See all 31 diversifiers for SDHY.L
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Diversification Analysis
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