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), 1 of which are negatively correlated. The least correlated is iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) (Corporate Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | -0.02 | 0.06 | 0.07 | 96 | Corporate Bonds | SDIA.L vs FLOA.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.08 | 0.13 | 0.15 | 61 | Technology Equities, S&P 500 | SDIA.L vs IITU.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.10 | 0.13 | 0.16 | 97 | Corporate Bonds | SDIA.L vs ERNA.L | |
| iShares USD Treasury Bond 0-3 Month UCITS ETF USD ... | 0.11 | — | — | 99 | Ultrashort Bond | SDIA.L vs U03A.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.12 | 0.14 | 0.16 | 53 | Technology Equities, S&P 500 | SDIA.L vs IUIT.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 -0.10, up from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Glencore plc | -0.10 | -0.11 | -0.21 | 95 | Basic Materials |
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