Looking to diversify beyond HIDR.L? The ETFs below have the lowest correlation with HIDR.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 HIDR.L.
Best Diversifiers for HIDR.L
16 ETFs have low correlation with HIDR.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) (Asia Pacific Equities) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor MSCI Korea UCITS ETF - Acc | 0.13 | 0.24 | 0.24 | 97 | Asia Pacific Equities | HIDR.L vs KRWL.L | |
| Franklin FTSE Korea UCITS ETF | 0.18 | 0.26 | 0.26 | 97 | Asia Pacific Equities | HIDR.L vs FLRK.L | |
| Xtrackers MSCI Korea UCITS ETF 1C | 0.19 | 0.26 | 0.25 | 97 | Asia Pacific Equities | HIDR.L vs XKS2.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.19 | 0.27 | 0.25 | 97 | Asia Pacific Equities | HIDR.L vs HKOR.L | |
| iShares MSCI Korea UCITS ETF (Dist) | 0.19 | 0.26 | 0.25 | 97 | Asia Pacific Equities | HIDR.L vs IKOR.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIDR.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIDR.L and solid risk/return profiles. The least correlated is Pan African Resources plc (PAF.L) (Basic Materials) with a 1Y correlation of 0.16, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pan African Resources plc | 0.16 | 0.13 | 0.08 | 88 | Basic Materials |
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