Looking to diversify beyond HDLG.L? The ETFs below have historically moved differently from HDLG.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HDLG.L
38 ETFs have low correlation with HDLG.L (below 0.3), 17 of which are negatively correlated. The least correlated is Invesco S&P 500 UCITS ETF GBP Hedged (Acc) (G500.L) (S&P 500) with a 1Y correlation of -0.12, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 UCITS ETF GBP Hedged (Acc) | -0.12 | 0.12 | 0.28 | 60 | S&P 500, Large Cap Blend Equities | HDLG.L vs G500.L | |
| iShares S&P 500 EUR Hedged UCITS ETF Acc | -0.11 | 0.15 | 0.31 | 50 | S&P 500 | HDLG.L vs IUSE.L | |
| UBS S&P 500 Scored & Screened UCITS ETF GBP Dist | -0.09 | 0.13 | 0.28 | 67 | S&P 500 | HDLG.L vs 5ESG.L | |
| Invesco FTSE All-World UCITS ETF Acc | -0.09 | 0.17 | — | 77 | Global Equities | HDLG.L vs FWRG.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | -0.08 | 0.14 | — | 51 | Global Equities | HDLG.L vs IGDA.L |
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