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iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.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 Citigroup Group-of-Seven (G7) Index as closely as possible. The ETF invests in physical index securities. The Citigroup Group-of-Seven (G7) Index offers exposure to government bonds from G7 countries: Canada, France, Germany, Italy, Japan, United Kingdom and United States. Only investment grade bonds with a minimum remaining time to maturity of one year 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 SGLO.L? The ETFs below have the lowest correlation with SGLO.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 SGLO.L.

Best Diversifiers for SGLO.L

13 ETFs have low correlation with SGLO.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) (Commodities) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ROLG.L
iShares Bloomberg Roll Select Commodity Swap UCITS...-0.050.060.04
83
CommoditiesSGLO.L vs ROLG.L
IITU.L
iShares S&P 500 Information Technology Sector UCIT...0.03-0.02-0.06
70
Technology Equities, S&P 500SGLO.L vs IITU.L
ERNS.L
iShares £ Ultrashort Bond UCITS ETF GBP (Dist)0.040.060.05
98
Ultrashort BondSGLO.L vs ERNS.L
EMIM.L
iShares Core MSCI Emerging Markets IMI UCITS ETF (...0.05-0.01-0.04
87
Emerging Markets EquitiesSGLO.L vs EMIM.L
FGOV.L
First Trust Low Duration Global Government Bond UC...0.070.190.22
65
Global BondsSGLO.L vs FGOV.L
See all 13 diversifiers for SGLO.L

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Diversification Analysis

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