Looking to diversify beyond VDPA.L? The ETFs below have the lowest correlation with VDPA.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 VDPA.L.
Best Diversifiers for VDPA.L
6 ETFs have low correlation with VDPA.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) (Corporate Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.03 | -0.00 | 0.03 | 97 | Corporate Bonds | VDPA.L vs FLOA.L | |
| Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dis... | 0.05 | 0.13 | 0.03 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | VDPA.L vs AT1S.L | |
| Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (US... | 0.15 | 0.11 | 0.17 | 99 | Government Bonds, Ultrashort Bond | VDPA.L vs VDST.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.16 | 0.12 | 0.16 | 97 | Corporate Bonds | VDPA.L vs ERNA.L | |
| iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD... | 0.24 | 0.35 | 0.35 | 92 | Corporate Bonds | VDPA.L vs SUSU.L |
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