Looking to diversify beyond WOOD.L? The ETFs below have the lowest correlation with WOOD.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 WOOD.L.
Best Diversifiers for WOOD.L
10 ETFs have low correlation with WOOD.L (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) (Global Equities) with a 1Y correlation of -0.07, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO ETFs PLC - US Dollar Short Maturity UCITS ET... | -0.07 | -0.02 | -0.09 | 99 | Global Equities | WOOD.L vs MINT.L | |
| PIMCO US Dollar Short Maturity UCITS ETF Instituti... | 0.01 | 0.07 | 0.03 | 100 | Global Equities | WOOD.L vs MIST.L | |
| Invesco Variable Rate Preferred Shares UCITS ETF U... | 0.09 | 0.14 | 0.10 | 65 | Global Equities | WOOD.L vs VPAC.L | |
| PIMCO Sterling Short Maturity UCITS ETF | 0.13 | 0.10 | 0.04 | 99 | Global Equities | WOOD.L vs QUID.L | |
| Franklin Euro Short Maturity UCITS ETF | 0.15 | 0.09 | 0.06 | 87 | Global Equities | WOOD.L vs FLES.L |
See all 22 diversifiers for WOOD.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements WOOD.L
Add WOOD.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with WOOD.L