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 Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.06 | -0.06 | -0.06 | 99 | Money Market | HDEM.L vs CSH2.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.33 | 0.32 | 0.31 | 60 | Technology Equities | HDEM.L vs XLKQ.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.35 | 0.34 | 0.36 | 52 | Technology Equities | HDEM.L vs XLKS.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.35 | 0.33 | 0.29 | 64 | Nasdaq-100 | HDEM.L vs EQGB.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.36 | 0.44 | 0.43 | 94 | Global Equities, Dividend | HDEM.L vs TDGB.L |
See all 75 diversifiers for HDEM.L
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