Looking to balance out your exposure to HGT.L? The ETFs below have the lowest correlation with HGT.L — they tend to move on their own, which can help reduce risk when HGT.L drops. The stock ideas table highlights individual companies that behave independently from HGT.L.
Best Diversifiers for HGT.L
2 ETFs have low correlation with HGT.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 UCITS ETF (CSP1.L) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 UCITS ETF | 0.28 | 0.27 | 0.31 | 83 | S&P 500 | HGT.L vs CSP1.L | |
| iShares S&P 500 UCITS Dist | 0.28 | 0.27 | 0.31 | 84 | S&P 500 | HGT.L vs IUSA.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HGT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HGT.L and solid risk/return profiles. The least correlated is Allianz Technology Trust plc (ATT.L) (Financial Services) with a 1Y correlation of 0.27, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Allianz Technology Trust plc | 0.27 | 0.30 | 0.35 | 96 | Financial Services | |
| Murray International Trust | 0.32 | 0.39 | 0.41 | 93 | Financial Services | |
| The City of London Investment Trust plc | 0.33 | 0.40 | 0.42 | 81 | Financial Services | |
| HarbourVest Global Private Equity Ltd | 0.40 | 0.38 | 0.40 | 91 | Financial Services |
Build a portfolio that complements HGT.L
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