Looking to diversify beyond TDGB.L? The ETFs below have the lowest correlation with TDGB.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 TDGB.L.
Best Diversifiers for TDGB.L
52 ETFs have low correlation with TDGB.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of -0.01, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | -0.01 | 0.12 | 0.26 | 62 | Technology Equities | TDGB.L vs XLKQ.L | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.00 | 0.11 | 0.25 | 59 | Technology Equities, S&P 500 | TDGB.L vs IITU.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.03 | 0.01 | -0.02 | 99 | Money Market | TDGB.L vs CSH2.L | |
| Invesco Nasdaq-100 ESG UCITS ETF Acc | 0.04 | 0.18 | — | 80 | Nasdaq-100 | TDGB.L vs NESP.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.04 | 0.19 | 0.28 | 64 | Nasdaq-100 | TDGB.L vs EQGB.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TDGB.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TDGB.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.20, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.20 | 0.41 | 0.45 | 89 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.30 | 0.39 | 0.48 | 78 | Financial Services | |
| British American Tobacco plc | 0.33 | 0.31 | 0.36 | 79 | Consumer Defensive | |
| The City of London Investment Trust plc | 0.51 | 0.63 | 0.66 | 80 | Financial Services |
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