Looking to diversify beyond HKOR.L? The ETFs below have the lowest correlation with HKOR.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 HKOR.L.
Best Diversifiers for HKOR.L
3 ETFs have low correlation with HKOR.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.13 | 0.11 | 0.17 | 78 | Energy Equities | HKOR.L vs ESIE.L | |
| Vanguard FTSE 100 UCITS ETF (GBP) Accumulating | 0.27 | 0.36 | 0.37 | 56 | Europe Equities | HKOR.L vs VUKG.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.28 | 0.36 | 0.37 | 55 | Europe Equities | HKOR.L vs HUKX.L | |
| Lyxor MSCI Pacific Ex Japan UCITS ETF | 0.33 | — | — | 65 | Asia Pacific Equities | HKOR.L vs PAXJ.L | |
| L&G Quality Equity Dividends ESG Exclusions Europe... | 0.34 | 0.41 | 0.38 | 78 | Europe Equities | HKOR.L vs LDEG.L |
See all 53 diversifiers for HKOR.L
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Diversification Analysis
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