Looking to diversify beyond HDLV.DE? The ETFs below have the lowest correlation with HDLV.DE — 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 HDLV.DE.
Best Diversifiers for HDLV.DE
2 ETFs have low correlation with HDLV.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 UCITS ETF (P500.DE) (S&P 500) with a 1Y correlation of 0.12, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 UCITS ETF | 0.12 | 0.32 | 0.49 | 77 | S&P 500 | HDLV.DE vs P500.DE | |
| Invesco FTSE All-World UCITS ETF Acc | 0.12 | 0.32 | — | 85 | Global Equities | HDLV.DE vs FWIA.DE | |
| Xtrackers MSCI North America High Dividend Yield U... | 0.81 | 0.82 | 0.86 | 86 | Dividend | HDLV.DE vs XDND.DE |
Diversification Analysis
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