Looking to diversify beyond HDEM.L? The ETFs below have the lowest correlation with HDEM.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 HDEM.L.
Best Diversifiers for HDEM.L
1 ETFs have low correlation with HDEM.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.07, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.07 | -0.06 | -0.06 | 99 | Money Market | HDEM.L vs CSH2.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.32 | 0.32 | 0.31 | 73 | Technology Equities | HDEM.L vs XLKQ.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.34 | 0.33 | 0.28 | 73 | Nasdaq-100 | HDEM.L vs EQGB.L | |
| PowerShares EURO STOXX High Dividend Low Volatilit... | 0.36 | 0.40 | 0.36 | 66 | Europe Equities | HDEM.L vs EUHD.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.37 | 0.45 | 0.43 | 91 | Global Equities, Dividend | HDEM.L vs TDGB.L |
See all 73 diversifiers for HDEM.L
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