Looking to balance out your exposure to HIK.L? The ETFs below have the lowest correlation with HIK.L — they tend to move on their own, which can help reduce risk when HIK.L drops. The stock ideas table highlights individual companies that behave independently from HIK.L.
Best Diversifiers for HIK.L
1 ETFs have low correlation with HIK.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC MSCI World UCITS ETF (HMWO.L) (Global Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI World UCITS ETF | 0.29 | 0.25 | 0.30 | 78 | Global Equities | HIK.L vs HMWO.L |
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