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HICL Infrastructure Company Ltd (HICL.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 6, 2026

HICL Infrastructure plc specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions. The fund also invests project companies with "demand' based concessions and project companies which do not have public sector sponsored/awarded or government backed concessions. It seeks to invest in PFI, PPP, P3, social infrastructure projects, toll roads, bridges, and tunnels, airports, ports, utilities, communication networks, and renewables. The fund makes fund of funds investments in limited partnerships and other funds that make infrastructure investments and financial instruments and securities issued by companies that make infrastructure investments, or whose activities are similar or comparable to infrastructure investments. The fund invests in European Union, Norway, Switzerland, North America, South America, and selected territories in Asia and Australasia.

Looking to balance out your exposure to HICL.L? The ETFs below have the lowest correlation with HICL.L — they tend to move on their own, which can help reduce risk when HICL.L drops. The stock ideas table highlights individual companies that behave independently from HICL.L.

Best Diversifiers for HICL.L

8 ETFs have low correlation with HICL.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) (Inflation-Protected Bonds) with a 1Y correlation of -0.03, down from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TI5G.L
iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist)-0.030.130.13
60
Inflation-Protected BondsHICL.L vs TI5G.L
CSH2.L
Lyxor Smart Overnight Return UCITS ETF C-GBP0.06-0.01-0.00
99
Money MarketHICL.L vs CSH2.L
TDGB.L
VanEck Morningstar Developed Markets Dividend Lead...0.130.240.21
92
Global Equities, DividendHICL.L vs TDGB.L
XDEM.L
Xtrackers MSCI World Momentum Factor UCITS ETF 1C0.150.160.15
71
Momentum, Global EquitiesHICL.L vs XDEM.L
EMIM.L
iShares Core MSCI Emerging Markets IMI UCITS ETF (...0.210.220.19
82
Emerging Markets EquitiesHICL.L vs EMIM.L
See all 9 diversifiers for HICL.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HICL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HICL.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.16, down from 0.28 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRWM.L
Blackrock World Mining Trust plc0.160.270.28
90
Financial Services
JGGI.L
JP Morgan Global Growth & Income plc0.310.280.29
76
Financial Services
SGRO.L
SEGRO PLC0.330.370.33
51
Real Estate
3IN.L
3I Infrastructure plc0.560.520.48
62
Financial Services

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Diversification Analysis

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