Looking to diversify beyond HMEF.L? The ETFs below have the lowest correlation with HMEF.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 HMEF.L.
Best Diversifiers for HMEF.L
1 ETFs have low correlation with HMEF.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) (Global Equities) with a 1Y correlation of 0.13, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Morningstar Developed Markets Dividend Lead... | 0.13 | 0.37 | 0.41 | 91 | Global Equities, Dividend | HMEF.L vs TDGB.L | |
| iShares Core FTSE 100 UCITS ETF (Dist) | 0.40 | 0.48 | 0.49 | 56 | Europe Equities | HMEF.L vs ISF.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.40 | 0.48 | 0.49 | 55 | Europe Equities | HMEF.L vs HUKX.L | |
| Amundi Prime Japan UCITS ETF DR (D) | 0.44 | 0.44 | 0.44 | 50 | Japan Equities | HMEF.L vs PRIJ.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.47 | 0.52 | 0.58 | 78 | China Equities | HMEF.L vs HMCA.L |
See all 99 diversifiers for HMEF.L
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