Looking to diversify beyond HMCA.L? The ETFs below have the lowest correlation with HMCA.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 HMCA.L.
Best Diversifiers for HMCA.L
6 ETFs have low correlation with HMCA.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC S&P 500 UCITS ETF (HSPX.L) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC S&P 500 UCITS ETF | 0.28 | 0.17 | 0.20 | 81 | S&P 500 | HMCA.L vs HSPX.L | |
| UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis | 0.28 | 0.16 | 0.18 | 78 | Large Cap Blend Equities | HMCA.L vs UC04.L | |
| Xtrackers MSCI USA UCITS ETF 1C | 0.29 | 0.17 | 0.20 | 78 | Large Cap Blend Equities | HMCA.L vs XDUS.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.29 | 0.19 | 0.20 | 53 | Europe Equities | HMCA.L vs HUKX.L | |
| SPDR S&P 500 UCITS ETF | 0.29 | 0.18 | 0.19 | 81 | S&P 500 | HMCA.L vs SPX5.L |
See all 29 diversifiers for HMCA.L
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