Looking to diversify beyond SDIA.L? The ETFs below have the lowest correlation with SDIA.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 SDIA.L.
Best Diversifiers for SDIA.L
14 ETFs have low correlation with SDIA.L (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dist (AT1S.L) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.14, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dis... | -0.14 | -0.07 | -0.17 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | SDIA.L vs AT1S.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.05 | -0.02 | -0.05 | 57 | Inflation-Protected Bonds | SDIA.L vs TI5G.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | -0.01 | 0.05 | 0.08 | 97 | Corporate Bonds | SDIA.L vs FLOA.L | |
| iShares USD Treasury Bond 0-3 Month UCITS ETF USD ... | 0.05 | — | — | 99 | Ultrashort Bond | SDIA.L vs U03A.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.09 | 0.14 | 0.16 | 97 | Corporate Bonds | SDIA.L vs ERNA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDIA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDIA.L and solid risk/return profiles. The least correlated is Glencore plc (GLEN.L) (Basic Materials) with a 1Y correlation of -0.12, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Glencore plc | -0.12 | -0.11 | -0.20 | 91 | Basic Materials |
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