Looking to diversify beyond HMXJ.L? The ETFs below have the lowest correlation with HMXJ.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 HMXJ.L.
Best Diversifiers for HMXJ.L
0 ETFs have low correlation with HMXJ.L (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) (China Equities) with a 1Y correlation of 0.37, roughly unchanged from 0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI China A ESG Screened Swap UCITS ETF... | 0.37 | 0.38 | — | 78 | China Equities, Asia Pacific Equities | HMXJ.L vs XCNA.L | |
| Invesco S&P China A 300 Swap UCITS ETF Acc | 0.38 | 0.38 | — | 81 | China Equities, Asia Pacific Equities | HMXJ.L vs C300.L | |
| Xtrackers CSI 300 Swap UCITS ETF 1C | 0.41 | 0.39 | 0.43 | 76 | China Equities, Asia Pacific Equities | HMXJ.L vs XCHA.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.43 | 0.48 | — | 89 | Semiconductors, Technology Equities | HMXJ.L vs HNSS.L | |
| Xtrackers MSCI Taiwan UCITS ETF 1C | 0.44 | 0.50 | 0.54 | 95 | Taiwan Equities, Asia Pacific Equities | HMXJ.L vs XMTW.L |
See all 48 diversifiers for HMXJ.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HMXJ.L
Add HMXJ.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HMXJ.L