Looking to diversify beyond HERG.L? The ETFs below have the lowest correlation with HERG.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 HERG.L.
Best Diversifiers for HERG.L
7 ETFs have low correlation with HERG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Solar UCITS ETF USD Accumulating (RAYG.L) (Energy Equities) with a 1Y correlation of 0.20, down from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Solar UCITS ETF USD Accumulating | 0.20 | 0.35 | — | 68 | Energy Equities | HERG.L vs RAYG.L | |
| Global X Renewable Energy Producers UCITS ETF USD ... | 0.22 | 0.34 | 0.41 | 86 | Energy Equities | HERG.L vs RNRU.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.23 | 0.36 | — | 89 | Rare Earth & Strategic Metals | HERG.L vs REGB.L | |
| Global X Genomics & Biotechnology UCITS ETF | 0.27 | 0.40 | — | 82 | Health & Biotech Equities | HERG.L vs GNOG.L | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.27 | 0.45 | — | 85 | Dividend | HERG.L vs SDIP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HERG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HERG.L and solid risk/return profiles. The least correlated is Greatland Gold plc (GGP.L) (Basic Materials) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.05 | 0.09 | 0.10 | 79 | Basic Materials |
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