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

Best Diversifiers for HLMA.L

0 ETFs have low correlation with HLMA.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 0.48, roughly unchanged from 0.53 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HSBC MSCI World UCITS ETF0.480.490.53
78
Global EquitiesHLMA.L vs HMWO.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HLMA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLMA.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
British American Tobacco plc-0.010.030.01
79
Consumer Defensive
GlaxoSmithKline plc0.110.130.15
74
Healthcare
Georgia Capital plc0.300.230.19
97
Industrials
Rio Tinto PLC0.310.260.20
96
Basic Materials
Samsung Electronics Co. Ltd0.350.320.31
99
Technology
See all 8 low-correlation stocks for HLMA.L

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Diversification Analysis

Build a portfolio that complements HLMA.L

Add HLMA.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with HLMA.L