Looking to diversify beyond HDXM.DE? The ETFs below have the lowest correlation with HDXM.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 HDXM.DE.
Best Diversifiers for HDXM.DE
0 ETFs have low correlation with HDXM.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) (Momentum) with a 1Y correlation of 0.36, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Momentum Factor ESG UCITS ETF U... | 0.37 | 0.27 | — | 66 | Momentum, Global Equities, ESG | HDXM.DE vs CBUH.DE | |
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.38 | 0.28 | — | 62 | Momentum, Global Equities | HDXM.DE vs IS3R.DE | |
| Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 0.38 | 0.29 | — | 63 | Momentum, Global Equities | HDXM.DE vs XDEM.DE | |
| iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.38 | 0.28 | — | 65 | Momentum, Large Cap Growth Equities | HDXM.DE vs QDVA.DE |
Diversification Analysis
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