Looking to diversify beyond H4ZP.DE? The ETFs below have the lowest correlation with H4ZP.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 H4ZP.DE.
Best Diversifiers for H4ZP.DE
3 ETFs have low correlation with H4ZP.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 0.20, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC FTSE EPRA NAREIT Developed UCITS ETF USD | 0.20 | 0.20 | — | 54 | REIT | H4ZP.DE vs H4ZL.DE | |
| HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc... | 0.24 | 0.21 | — | 54 | REIT | H4ZP.DE vs H4Z7.DE | |
| VanEck New China ESG UCITS ETF A | 0.27 | 0.29 | 0.29 | 68 | China Equities, Asia Pacific Equities | H4ZP.DE vs CEBG.DE | |
| HSBC MSCI Europe UCITS ETF EUR | 0.36 | 0.36 | 0.39 | 58 | Europe Equities | H4ZP.DE vs H4ZE.DE | |
| HSBC MSCI World Small Cap ESG UCITS ETF USD (Acc) | 0.38 | 0.32 | — | 74 | Global Equities | H4ZP.DE vs H41G.DE |
See all 25 diversifiers for H4ZP.DE
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