Looking to balance out your exposure to 0HIT.L? The ETFs below have the lowest correlation with 0HIT.L — they tend to move on their own, which can help reduce risk when 0HIT.L drops. The stock ideas table highlights individual companies that behave independently from 0HIT.L.
Best Diversifiers for 0HIT.L
1 ETFs have low correlation with 0HIT.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 UCITS ETF (VUSA.L) (S&P 500) with a 1Y correlation of 0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 UCITS ETF | 0.01 | 0.05 | 0.16 | 82 | S&P 500 | 0HIT.L vs VUSA.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from 0HIT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to 0HIT.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.41, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.41 | 0.48 | 0.47 | 68 | Utilities |
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