Looking to diversify beyond HMWD.L? The ETFs below have the lowest correlation with HMWD.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 HMWD.L.
Best Diversifiers for HMWD.L
1 ETFs have low correlation with HMWD.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) (Utilities Equities) with a 1Y correlation of 0.05, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.05 | 0.27 | 0.44 | 61 | Utilities Equities, Global Equities | HMWD.L vs INFR.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.35 | 0.19 | 0.19 | 61 | China Equities, Asia Pacific Equities | HMWD.L vs HMCA.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.43 | 0.55 | 0.64 | 95 | Global Equities, Dividend | HMWD.L vs TDGB.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.45 | 0.31 | 0.36 | 61 | China Equities, Asia Pacific Equities | HMWD.L vs HMCT.L | |
| SPDR S&P Global Dividend Aristocrats UCITS | 0.46 | 0.54 | 0.64 | 68 | Global Equities, Dividend | HMWD.L vs GBDV.L |
See all 67 diversifiers for HMWD.L
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