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
2 ETFs have low correlation with HDX1.DE (below 0.3), 0 of which are negatively correlated. The least correlated is L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) (Europe Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Quality Equity Dividends ESG Exclusions Europe... | 0.26 | 0.22 | — | 69 | Europe Equities | HDX1.DE vs LGGE.DE | |
| iShares FTSE MIB UCITS ETF (Acc) | 0.27 | 0.24 | — | 59 | Europe Equities | HDX1.DE vs SXRY.DE | |
| Xtrackers Artificial Intelligence & Big Data UCITS... | 0.45 | 0.35 | — | 86 | Technology Equities | HDX1.DE vs XAIX.DE |
Diversification Analysis
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