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iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) Diversifiers

ETF · Currency in GBP · Last updated Jun 5, 2026

The fund is an exchange traded fund (ETF) that aims to track the performance of the Barclays Euro Treasury Bond Index as closely as possible. The ETF invests in physical index securities. The Barclays Euro Treasury Bond Index offers exposure to Euro denominated investment grade government bonds publicly issued in the Eurobond and Euro zone domestic markets. Only bonds with a minimum remaining time to maturity of one year and"a minimum amount outstanding of "300 million are included in the index. iShares ETFs are funds managed by BlackRock. They are transparent, cost-efficient, liquid vehicles that trade on stock exchanges like normal securities. iShares ETFs offer flexible and easy access to a wide range of markets and asset classes.

Looking to diversify beyond SEGA.L? The ETFs below have the lowest correlation with SEGA.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 SEGA.L.

Best Diversifiers for SEGA.L

21 ETFs have low correlation with SEGA.L (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF (CMOD.L) (Commodities) with a 1Y correlation of -0.14, down from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CMOD.L
Invesco Bloomberg Commodity UCITS ETF-0.140.020.05
70
CommoditiesSEGA.L vs CMOD.L
IITU.L
iShares S&P 500 Information Technology Sector UCIT...0.03-0.010.01
70
Technology Equities, S&P 500SEGA.L vs IITU.L
ERNS.L
iShares £ Ultrashort Bond UCITS ETF GBP (Dist)0.040.050.06
98
Ultrashort BondSEGA.L vs ERNS.L
IB01.L
iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)0.050.090.16
100
Government Bonds, Ultrashort BondSEGA.L vs IB01.L
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF0.06-0.08-0.15
85
Japan EquitiesSEGA.L vs IJPH.L
See all 25 diversifiers for SEGA.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SEGA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEGA.L and solid risk/return profiles. The least correlated is BH Macro Limited (BHMG.L) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BHMG.L
BH Macro Limited0.100.080.05
63
Financial Services

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Diversification Analysis

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