Looking to diversify beyond HDEU.L? The ETFs below have the lowest correlation with HDEU.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 HDEU.L.
Best Diversifiers for HDEU.L
4 ETFs have low correlation with HDEU.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.23 | 0.19 | 0.30 | 73 | Technology Equities | HDEU.L vs XLKQ.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.25 | — | — | 84 | Nasdaq-100, Derivative Income | HDEU.L vs JEQP.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.27 | 0.21 | 0.30 | 78 | Nasdaq-100 | HDEU.L vs EQQQ.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.27 | 0.27 | 0.36 | 73 | Nasdaq-100 | HDEU.L vs EQGB.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.31 | — | — | 99 | Europe Equities | HDEU.L vs JRDZ.L |
See all 51 diversifiers for HDEU.L
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