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SPDR FTSE Global Convertible Bond USD Hedged UCITS ETF (Dist) (SPF2.DE) Diversifiers

ETF · Currency in USD · Last updated Jun 4, 2026

The SPDR FTSE Global Convertible Bond USD Hedged UCITS ETF seeks to track the FTSE Qualified Global Convertible Index, providing exposure to the global convertible bond market with currency exposure hedged to USD. Convertible bonds combine debt-like coupon income with embedded equity-conversion optionality. The fund distributes income to investors.

Looking to diversify beyond SPF2.DE? The ETFs below have the lowest correlation with SPF2.DE — 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 SPF2.DE.

Best Diversifiers for SPF2.DE

0 ETFs have low correlation with SPF2.DE (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) (Small Cap Value Equities) with a 1Y correlation of 0.48, down from 0.62 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ZPRV.DE
SPDR MSCI USA Small Cap Value Weighted UCITS ETF0.480.540.62
74
Small Cap Value EquitiesSPF2.DE vs ZPRV.DE
SPPY.DE
State Street SPDR S&P 500 Leaders UCITS ETF0.660.670.72
78
S&P 500, ESGSPF2.DE vs SPPY.DE
SPPW.DE
SPDR MSCI World UCITS ETF0.690.71—
70
Global EquitiesSPF2.DE vs SPPW.DE
SPY5.DE
SPDR S&P 500 UCITS ETF0.690.690.74
69
S&P 500SPF2.DE vs SPY5.DE
SPYL.DE
State Street SPDR S&P 500 UCITS ETF USD Unhedged (...0.69——
69
S&P 500, Large Cap Blend EquitiesSPF2.DE vs SPYL.DE
See all 8 diversifiers for SPF2.DE

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Diversification Analysis

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Analyze a portfolio with SPF2.DE