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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI World UCITS ETF | 0.48 | 0.49 | 0.53 | 78 | Global Equities | HLMA.L vs HMWO.L |
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | -0.01 | 0.03 | 0.01 | 79 | Consumer Defensive | |
| GlaxoSmithKline plc | 0.11 | 0.13 | 0.15 | 74 | Healthcare | |
| Georgia Capital plc | 0.30 | 0.23 | 0.19 | 97 | Industrials | |
| Rio Tinto PLC | 0.31 | 0.26 | 0.20 | 96 | Basic Materials | |
| Samsung Electronics Co. Ltd | 0.35 | 0.32 | 0.31 | 99 | Technology |
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