Looking to diversify beyond SSHY.L? The ETFs below have the lowest correlation with SSHY.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 SSHY.L.
Best Diversifiers for SSHY.L
8 ETFs have low correlation with SSHY.L (below 0.3), 3 of which are negatively correlated. The least correlated is PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) (Europe Equities) with a 1Y correlation of -0.04, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PowerShares EURO STOXX High Dividend Low Volatilit... | -0.04 | -0.07 | -0.03 | 64 | Europe Equities | SSHY.L vs HDEU.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | -0.04 | 0.02 | 0.04 | 69 | High Yield Bonds | SSHY.L vs JHYP.L | |
| iShares Fallen Angels High Yield Corporate Bond UC... | -0.02 | 0.02 | 0.04 | 58 | High Yield Bonds | SSHY.L vs WIGG.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.02 | 0.09 | 0.17 | 52 | High Yield Bonds | SSHY.L vs STHE.L | |
| Vanguard FTSE All-World UCITS ETF | 0.18 | 0.25 | 0.24 | 72 | Global Equities | SSHY.L vs VWRD.L |
See all 23 diversifiers for SSHY.L
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