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
47 ETFs have low correlation with TDGB.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) (Inflation-Protected Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.00 | 0.04 | 0.02 | 64 | Inflation-Protected Bonds | TDGB.L vs TI5G.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.01 | 0.01 | -0.02 | 99 | Money Market | TDGB.L vs CSH2.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.03 | 0.14 | 0.27 | 75 | Technology Equities | TDGB.L vs XLKQ.L | |
| L&G Longer Dated All Commodities UCITS ETF | 0.03 | 0.12 | 0.22 | 70 | Commodities | TDGB.L vs CMFP.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.03 | 0.08 | 0.06 | 100 | Government Bonds, Ultrashort Bond | TDGB.L vs IB01.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 0.21, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.21 | 0.43 | 0.45 | 92 | Financial Services | |
| British American Tobacco plc | 0.29 | 0.31 | 0.36 | 80 | Consumer Defensive | |
| JP Morgan Global Growth & Income plc | 0.30 | 0.40 | 0.48 | 76 | Financial Services | |
| CRH plc | 0.31 | 0.35 | 0.44 | 73 | Basic Materials | |
| The City of London Investment Trust plc | 0.51 | 0.63 | 0.65 | 80 | Financial Services |
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