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
3 ETFs have low correlation with HDEU.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist GBP (JEQP.L) (Nasdaq-100) with a 1Y correlation of 0.21, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.21 | 0.23 | 0.23 | 77 | Nasdaq-100, Derivative Income | HDEU.L vs JEQP.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23 | 0.19 | 0.30 | 60 | Nasdaq-100 | HDEU.L vs EQQQ.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.25 | 0.26 | 0.35 | 58 | Nasdaq-100 | HDEU.L vs EQGB.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.33 | 0.28 | 0.28 | 81 | Global Equities | HDEU.L vs FWRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.33 | 0.32 | 0.44 | 61 | Nasdaq-100 | HDEU.L vs EQQU.L |
See all 86 diversifiers for HDEU.L
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