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Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) Diversifiers

ETF · Currency in EUR · Last updated Jun 27, 2026

Seeks to track the performance, less fees and expenses, of the Nasdaq Crypto Index™ by providing exposure through a fully physically backed Exchange Traded Product (ETP) backed by the underlying crypto assets in the index.

Looking to diversify beyond HDX1.DE? The ETFs below have the lowest correlation with HDX1.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 HDX1.DE.

Best Diversifiers for HDX1.DE

3 ETFs have low correlation with HDX1.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.DE) (Financials Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.22 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EXV1.DE
iShares STOXX Europe 600 Banks UCITS ETF (DE)0.240.220.22
77
Financials EquitiesHDX1.DE vs EXV1.DE
SXRY.DE
iShares FTSE MIB UCITS ETF (Acc)0.260.250.23
80
Europe EquitiesHDX1.DE vs SXRY.DE
LGGE.DE
L&G Quality Equity Dividends ESG Exclusions Europe...0.290.230.22
85
Europe EquitiesHDX1.DE vs LGGE.DE
XAIX.DE
Xtrackers Artificial Intelligence & Big Data UCITS...0.470.370.34
82
Technology EquitiesHDX1.DE vs XAIX.DE

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Diversification Analysis

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