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
5 ETFs have low correlation with HDEU.L (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) (High Yield Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO US Short-Term High Yield Corporate Bond Inde... | -0.07 | -0.08 | -0.04 | 57 | High Yield Bonds | HDEU.L vs SSHY.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.21 | 0.17 | 0.29 | 60 | Technology Equities | HDEU.L vs XLKQ.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.24 | 0.24 | 0.24 | 85 | Nasdaq-100, Derivative Income | HDEU.L vs JEQP.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.25 | 0.22 | 0.33 | 76 | Nasdaq-100 | HDEU.L vs EQQQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.28 | 0.25 | 0.35 | 67 | Nasdaq-100 | HDEU.L vs EQQU.L |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HDEU.L
Add HDEU.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HDEU.L