Looking to diversify beyond HDIQ.L? The ETFs below have the lowest correlation with HDIQ.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 HDIQ.L.
Best Diversifiers for HDIQ.L
1 ETFs have low correlation with HDIQ.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) (Dividend) with a 1Y correlation of 0.23, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Inc... | 0.23 | 0.27 | 0.19 | 99 | Dividend | HDIQ.L vs JPST.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.37 | 0.50 | 0.60 | 95 | Global Equities, Dividend | HDIQ.L vs TDGB.L | |
| First Trust US Equity Income UCITS ETF | 0.44 | 0.63 | 0.73 | 81 | Dividend | HDIQ.L vs UINC.L | |
| First Trust US Equity Income UCITS ETF Class B | 0.45 | 0.62 | 0.66 | 72 | Dividend | HDIQ.L vs UNCU.L | |
| First Trust US Equity Income UCITS ETF | 0.46 | 0.63 | 0.66 | 78 | Dividend | HDIQ.L vs UIND.L |
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