Looking to diversify beyond HMXD.L? The ETFs below have the lowest correlation with HMXD.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 HMXD.L.
Best Diversifiers for HMXD.L
0 ETFs have low correlation with HMXD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) (Asia Pacific Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor MSCI Korea UCITS ETF - Acc | 0.44 | 0.49 | 0.50 | 97 | Asia Pacific Equities | HMXD.L vs KRWL.L | |
| Xtrackers MSCI Korea UCITS ETF 1C | 0.45 | 0.48 | 0.46 | 97 | Asia Pacific Equities | HMXD.L vs XKS2.L | |
| Franklin FTSE Taiwan UCITS ETF | 0.46 | 0.47 | 0.44 | 97 | Asia Pacific Equities | HMXD.L vs FRXT.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.46 | 0.48 | 0.46 | 97 | Asia Pacific Equities | HMXD.L vs HKOR.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.52 | 0.51 | 0.53 | 97 | Semiconductors, Technology Equities | HMXD.L vs HNSS.L |
See all 21 diversifiers for HMXD.L
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