Looking to diversify beyond WDEF.L? The ETFs below have the lowest correlation with WDEF.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 WDEF.L.
Best Diversifiers for WDEF.L
39 ETFs have low correlation with WDEF.L (below 0.3), 8 of which are negatively correlated. The least correlated is WisdomTree Soybean Oil (SOYO.L) (Agricultural Commodities) with a 1Y correlation of -0.13, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Soybean Oil | -0.13 | -0.00 | 0.06 | 78 | Agricultural Commodities | WDEF.L vs SOYO.L | |
| WisdomTree Brent Crude Oil | -0.11 | -0.02 | 0.08 | 61 | Oil & Gas | WDEF.L vs BRNT.L | |
| WisdomTree Broad Commodities Ex-Agriculture and Li... | -0.10 | -0.01 | 0.03 | 79 | Commodities | WDEF.L vs XFRM.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | -0.08 | -0.03 | -0.02 | 82 | Commodities | WDEF.L vs WCOB.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD | -0.07 | -0.04 | -0.02 | 81 | Commodities | WDEF.L vs WCOG.L |
See all 41 diversifiers for WDEF.L
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Diversification Analysis
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