Looking to diversify beyond UDVD.L? The ETFs below have the lowest correlation with UDVD.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 UDVD.L.
Best Diversifiers for UDVD.L
38 ETFs have low correlation with UDVD.L (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Refinitiv Global Convertible Bond GBP Hedged UCITS ETF (GCVG.L) (Convertible Bonds) with a 1Y correlation of -0.04, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Refinitiv Global Convertible Bond GBP Hedged ... | -0.04 | 0.17 | — | 88 | Convertible Bonds | UDVD.L vs GCVG.L | |
| SPDR MSCI Europe Energy UCITS ETF | 0.01 | 0.15 | 0.21 | 53 | Energy Equities | UDVD.L vs ENGE.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | 0.02 | 0.03 | 0.02 | 98 | Government Bonds, Ultrashort Bond | UDVD.L vs IBTU.L | |
| SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.02 | 0.29 | 0.35 | 87 | Convertible Bonds | UDVD.L vs GLCB.L | |
| SPDR® MSCI Europe Energy UCITS ETF | 0.07 | 0.19 | 0.25 | 60 | Energy Equities | UDVD.L vs ENGY.L |
See all 101 diversifiers for UDVD.L
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