Looking to diversify beyond SDIP.L? The ETFs below have the lowest correlation with SDIP.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 SDIP.L.
Best Diversifiers for SDIP.L
7 ETFs have low correlation with SDIP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Solar UCITS ETF USD Accumulating (RAYG.L) (Energy Equities) with a 1Y correlation of 0.19, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Solar UCITS ETF USD Accumulating | 0.19 | 0.37 | 0.34 | 73 | Energy Equities | SDIP.L vs RAYG.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.22 | — | — | 83 | Nasdaq-100, Derivative Income | SDIP.L vs JEQP.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.23 | 0.41 | — | 92 | Technology Equities | SDIP.L vs VPNG.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.23 | 0.29 | — | 92 | Nasdaq-100, Options Trading | SDIP.L vs QYLP.L | |
| Global X Renewable Energy Producers UCITS ETF USD ... | 0.27 | 0.47 | — | 83 | Energy Equities | SDIP.L vs RNRU.L |
See all 37 diversifiers for SDIP.L
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