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HSBC MSCI Emerging Markets UCITS ETF USD (Acc) (H4Z3.DE) Diversifiers

ETF · Currency in EUR · Last updated Jun 27, 2026

H4Z3.DE is a passive ETF by HSBC tracking the investment results of the MSCI Emerging Markets. H4Z3.DE launched on Jun 28, 2022 and has a 0.15% expense ratio.

Looking to diversify beyond H4Z3.DE? The ETFs below have the lowest correlation with H4Z3.DE — 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 H4Z3.DE.

Best Diversifiers for H4Z3.DE

2 ETFs have low correlation with H4Z3.DE (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (H4ZL.DE) (REIT) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
H4ZL.DE
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD0.270.34—
57
REITH4Z3.DE vs H4ZL.DE
H4Z7.DE
HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc...0.290.34—
50
REITH4Z3.DE vs H4Z7.DE
LEER.DE
Amundi MSCI Eastern Europe Ex Russia UCITS ETF0.460.51—
67
Emerging Markets EquitiesH4Z3.DE vs LEER.DE
H4ZE.DE
HSBC MSCI Europe UCITS ETF EUR0.600.59—
57
Europe EquitiesH4Z3.DE vs H4ZE.DE
H412.DE
HSBC USA Sustainable Equity UCITS ETF USD0.600.55—
92
Large Cap Blend EquitiesH4Z3.DE vs H412.DE
See all 61 diversifiers for H4Z3.DE

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Diversification Analysis

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