Looking to diversify beyond XHYG.L? The ETFs below have the lowest correlation with XHYG.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 XHYG.L.
Best Diversifiers for XHYG.L
1 ETFs have low correlation with XHYG.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc) (HYGU.L) (European High Yield Bonds) with a 1Y correlation of 0.19, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € High Yield Corp Bond UCITS ETF USD Hedge... | 0.19 | 0.24 | 0.29 | 64 | European High Yield Bonds, High Yield Bonds, European Corporate Bonds | XHYG.L vs HYGU.L | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.49 | 0.36 | 0.42 | 76 | Global Equities | XHYG.L vs XDEQ.L | |
| Xtrackers Nasdaq 100 UCITS ETF 1C | 0.50 | 0.45 | 0.50 | 51 | Nasdaq-100 | XHYG.L vs XNAQ.L | |
| Xtrackers NASDAQ 100 UCITS ETF | 0.52 | 0.47 | 0.43 | 52 | Nasdaq-100 | XHYG.L vs XNAS.L | |
| Xtrackers Nikkei 225 UCITS ETF 1D | 0.53 | 0.50 | 0.49 | 76 | Japan Equities, Asia Pacific Equities | XHYG.L vs XDJP.L |
See all 7 diversifiers for XHYG.L
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