Looking to diversify beyond XYLD.L? The ETFs below have the lowest correlation with XYLD.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 XYLD.L.
Best Diversifiers for XYLD.L
9 ETFs have low correlation with XYLD.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dist (AT1S.L) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.13, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dis... | -0.13 | -0.07 | -0.15 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | XYLD.L vs AT1S.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | -0.03 | -0.00 | 0.01 | 97 | Corporate Bonds | XYLD.L vs FLOA.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.15 | 0.16 | 0.18 | 97 | Corporate Bonds | XYLD.L vs ERNA.L | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.19 | 0.23 | 0.14 | 77 | Global Equities | XYLD.L vs XDEQ.L | |
| Xtrackers Nasdaq 100 UCITS ETF 1C | 0.21 | 0.13 | 0.19 | 59 | Nasdaq-100 | XYLD.L vs XNAQ.L |
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