Looking to diversify beyond HMJP.L? The ETFs below have the lowest correlation with HMJP.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 HMJP.L.
Best Diversifiers for HMJP.L
0 ETFs have low correlation with HMJP.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) (Japan Equities) with a 1Y correlation of 0.43, up from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Japan Research Enhanced Index Equity (ESG... | 0.43 | 0.29 | — | 97 | Japan Equities | HMJP.L vs JRIE.L | |
| HSBC S&P 500 UCITS ETF | 0.47 | 0.47 | 0.51 | 82 | S&P 500 | HMJP.L vs HSPX.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.48 | 0.47 | — | 97 | Semiconductors, Technology Equities | HMJP.L vs HNSS.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.49 | 0.48 | 0.46 | 55 | Europe Equities | HMJP.L vs HUKX.L | |
| HSBC MSCI Emerging Markets UCITS ETF USD | 0.50 | 0.46 | 0.46 | 86 | Emerging Markets Equities | HMJP.L vs HMEF.L |
See all 28 diversifiers for HMJP.L
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Diversification Analysis
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