Looking to balance out your exposure to 1816.HK? The ETFs below have the lowest correlation with 1816.HK — they tend to move on their own, which can help reduce risk when 1816.HK drops. The stock ideas table highlights individual companies that behave independently from 1816.HK.
Best Diversifiers for 1816.HK
1 ETFs have low correlation with 1816.HK (below 0.3), 0 of which are negatively correlated. The least correlated is ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) (Emerging Markets Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICBC CSOP FTSE Chinese Government and Policy Bank ... | 0.03 | 0.04 | 0.10 | 64 | Emerging Markets Bonds | 1816.HK vs 3199.HK |
Diversification Analysis
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