Looking to diversify beyond USDV.L? The ETFs below have the lowest correlation with USDV.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 USDV.L.
Best Diversifiers for USDV.L
57 ETFs have low correlation with USDV.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 -0.12, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Refinitiv Global Convertible Bond GBP Hedged ... | -0.12 | 0.10 | — | 89 | Convertible Bonds | USDV.L vs GCVG.L | |
| SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.02 | 0.30 | 0.37 | 88 | Convertible Bonds | USDV.L vs GLCB.L | |
| SPDR® MSCI Europe Technology UCITS ETF | 0.03 | 0.16 | 0.26 | 63 | Technology Equities | USDV.L vs ITEC.L | |
| iShares NASDAQ 100 UCITS ETF | 0.05 | 0.19 | 0.37 | 61 | Nasdaq-100 | USDV.L vs CNDX.L | |
| SPDR MSCI Europe Financials UCITS ETF | 0.07 | 0.24 | 0.35 | 73 | Financials Equities | USDV.L vs FNCE.L |
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