Looking to diversify beyond WQDS.L? The ETFs below have the lowest correlation with WQDS.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 WQDS.L.
Best Diversifiers for WQDS.L
5 ETFs have low correlation with WQDS.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.04, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.04 | -0.03 | -0.03 | 99 | Money Market | WQDS.L vs CSH2.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.10 | 0.05 | 0.07 | 98 | Ultrashort Bond | WQDS.L vs ERNS.L | |
| iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.11 | 0.13 | 0.06 | 88 | Government Bonds, Short-Term Bond | WQDS.L vs IBTA.L | |
| iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD... | 0.14 | 0.15 | 0.12 | 93 | Corporate Bonds | WQDS.L vs SUSU.L | |
| iShares Physical Silver ETC | 0.16 | 0.14 | 0.12 | 56 | Silver, Precious Metals | WQDS.L vs SSLN.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from WQDS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to WQDS.L and solid risk/return profiles. The least correlated is 3I Infrastructure plc (3IN.L) (Financial Services) with a 1Y correlation of 0.28, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 3I Infrastructure plc | 0.28 | 0.29 | 0.25 | 64 | Financial Services | |
| The City of London Investment Trust plc | 0.58 | 0.59 | 0.62 | 80 | Financial Services |
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