Looking to diversify beyond HMUD.L? The ETFs below have the lowest correlation with HMUD.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 HMUD.L.
Best Diversifiers for HMUD.L
1 ETFs have low correlation with HMUD.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC MSCI CHINA A UCITS ETF (HMCA.L) (China Equities) with a 1Y correlation of 0.27, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI CHINA A UCITS ETF | 0.27 | 0.16 | 0.17 | 79 | China Equities | HMUD.L vs HMCA.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.38 | 0.45 | 0.45 | 97 | Asia Pacific Equities | HMUD.L vs HKOR.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.38 | 0.26 | 0.30 | 74 | China Equities | HMUD.L vs HMCT.L | |
| HSBC MSCI Japan UCITS ETF USD | 0.44 | 0.46 | 0.48 | 58 | Japan Equities | HMUD.L vs HMJP.L | |
| Xtrackers MSCI USA ESG UCITS ETF 1D | 0.47 | 0.46 | 0.58 | 94 | Large Cap Blend Equities | HMUD.L vs XZMD.L |
See all 49 diversifiers for HMUD.L
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