Looking to diversify beyond SHYU.L? The ETFs below have the lowest correlation with SHYU.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 SHYU.L.
Best Diversifiers for SHYU.L
12 ETFs have low correlation with SHYU.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) (High Yield Bonds) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Fallen Angels High Yield Corporate Bond UC... | -0.01 | 0.09 | 0.15 | 58 | High Yield Bonds | SHYU.L vs WIGG.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.02 | 0.12 | 0.17 | 98 | Corporate Bonds | SHYU.L vs ERNA.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.04 | 0.10 | 0.14 | 97 | Corporate Bonds | SHYU.L vs FLOA.L | |
| UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD)... | 0.05 | 0.11 | 0.17 | 90 | Emerging Markets Equities | SHYU.L vs UB32.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.07 | 0.13 | 0.20 | 87 | Emerging Markets Equities | SHYU.L vs EMIM.L |
See all 17 diversifiers for SHYU.L
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Diversification Analysis
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