Looking to balance out your exposure to HKD? The ETFs below have the lowest correlation with HKD — they tend to move on their own, which can help reduce risk when HKD drops. The stock ideas table highlights individual companies that behave independently from HKD.
Best Diversifiers for HKD
1 ETFs have low correlation with HKD (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.14 | 0.16 | — | 89 | Leveraged Equities, Semiconductors | HKD vs USD |
Diversification Analysis
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