Looking to diversify beyond HEMC.L? The ETFs below have the lowest correlation with HEMC.L — 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 HEMC.L.
Best Diversifiers for HEMC.L
0 ETFs have low correlation with HEMC.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC FTSE 100 UCITS ETF GBP (HUKX.L) (Europe Equities) with a 1Y correlation of 0.41, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC FTSE 100 UCITS ETF GBP | 0.41 | 0.49 | 0.47 | 55 | Europe Equities | HEMC.L vs HUKX.L | |
| Avantis Global Small Cap Value UCITS ETF USD Acc | 0.43 | — | — | 89 | Small Cap Value Equities | HEMC.L vs AVSG.L | |
| HSBC MSCI USA UCITS ETF | 0.53 | 0.52 | — | 61 | Large Cap Blend Equities | HEMC.L vs HMUD.L | |
| HSBC MSCI World UCITS ETF | 0.60 | 0.59 | — | 69 | Global Equities | HEMC.L vs HMWD.L | |
| HSBC S&P 500 UCITS ETF | 0.60 | 0.54 | — | 82 | S&P 500 | HEMC.L vs HSPX.L |
See all 68 diversifiers for HEMC.L
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