Looking to diversify beyond HMEU.L? The ETFs below have the lowest correlation with HMEU.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 HMEU.L.
Best Diversifiers for HMEU.L
0 ETFs have low correlation with HMEU.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) (Semiconductors) with a 1Y correlation of 0.46, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.46 | 0.49 | 0.50 | 89 | Semiconductors, Technology Equities | HMEU.L vs HNSS.L | |
| HSBC S&P 500 UCITS ETF | 0.55 | 0.52 | 0.61 | 72 | S&P 500 | HMEU.L vs HSPX.L | |
| HSBC MSCI Emerging Markets UCITS ETF USD | 0.57 | 0.57 | 0.57 | 73 | Emerging Markets Equities | HMEU.L vs HMEF.L | |
| Franklin European Quality Dividend UCITS ETF | 0.58 | 0.60 | 0.70 | 80 | Europe Equities | HMEU.L vs FLXD.L | |
| L&G UK Equity UCITS ETF | 0.59 | 0.69 | 0.74 | 51 | Europe Equities | HMEU.L vs LGUK.L |
See all 34 diversifiers for HMEU.L
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