Looking to balance out your exposure to HFEL.L? The ETFs below have the lowest correlation with HFEL.L — they tend to move on their own, which can help reduce risk when HFEL.L drops. The stock ideas table highlights individual companies that behave independently from HFEL.L.
Best Diversifiers for HFEL.L
0 ETFs have low correlation with HFEL.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares UK Dividend UCITS ETF (IUKD.L) (Dividend) with a 1Y correlation of 0.33, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares UK Dividend UCITS ETF | 0.33 | 0.33 | 0.31 | 61 | Dividend | HFEL.L vs IUKD.L | |
| Vanguard FTSE 100 UCITS ETF Distributing | 0.33 | 0.38 | 0.37 | 56 | Europe Equities | HFEL.L vs VUKE.L | |
| iShares FTSE 100 UCITS ETF | 0.34 | 0.37 | 0.37 | 56 | HFEL.L vs CUKX.L | ||
| Vanguard S&P 500 UCITS ETF | 0.44 | 0.41 | 0.39 | 82 | S&P 500 | HFEL.L vs VUSA.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HFEL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HFEL.L and solid risk/return profiles. The least correlated is The City of London Investment Trust plc (CTY.L) (Financial Services) with a 1Y correlation of 0.36, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The City of London Investment Trust plc | 0.36 | 0.36 | 0.34 | 80 | Financial Services | |
| Fidelity China Special Situations plc | 0.47 | 0.50 | 0.51 | 61 | Financial Services |
Build a portfolio that complements HFEL.L
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