Looking to diversify beyond SEDY.L? The ETFs below have the lowest correlation with SEDY.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 SEDY.L.
Best Diversifiers for SEDY.L
1 ETFs have low correlation with SEDY.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) (Nasdaq-100) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.26 | 0.29 | — | 84 | Nasdaq-100, Options Trading | SEDY.L vs QYLP.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.35 | — | — | 77 | Nasdaq-100, Derivative Income | SEDY.L vs JEQP.L | |
| Invesco FTSE RAFI US 1000 UCITS ETF | 0.36 | 0.42 | 0.42 | 95 | Large Cap Value Equities | SEDY.L vs PSRF.L | |
| iShares Core S&P 500 UCITS ETF | 0.37 | 0.38 | 0.38 | 72 | S&P 500 | SEDY.L vs CSP1.L | |
| iShares Core S&P 500 UCITS ETF | 0.41 | 0.43 | 0.38 | 67 | S&P 500 | SEDY.L vs GSPX.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SEDY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEDY.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.34, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.34 | 0.40 | 0.38 | 75 | Financial Services |
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