Looking to diversify beyond HMWO.L? The ETFs below have the lowest correlation with HMWO.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 HMWO.L.
Best Diversifiers for HMWO.L
1 ETFs have low correlation with HMWO.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 0.06, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.06 | 0.30 | 0.45 | 61 | Utilities Equities, Global Equities | HMWO.L vs INFR.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.31 | 0.47 | 0.58 | 95 | Global Equities, Dividend | HMWO.L vs TDGB.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.35 | 0.20 | 0.23 | 61 | China Equities, Asia Pacific Equities | HMWO.L vs HMCA.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.36 | 0.20 | 0.24 | 61 | China Equities, Asia Pacific Equities | HMWO.L vs HMCT.L | |
| iShares Healthcare Innovation UCITS ETF USD (Acc) | 0.47 | 0.57 | 0.64 | 51 | Health & Biotech Equities | HMWO.L vs DRDR.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HMWO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HMWO.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | -0.02 | 0.04 | 0.07 | 75 | Utilities | |
| GlaxoSmithKline plc | 0.10 | 0.11 | 0.17 | 84 | Healthcare | |
| 3I Infrastructure plc | 0.22 | 0.25 | 0.24 | 71 | Financial Services | |
| DCC plc | 0.24 | 0.34 | 0.39 | 85 | Energy | |
| HICL Infrastructure Company Ltd | 0.25 | 0.22 | 0.23 | 72 | Financial Services |
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