Looking to balance out your exposure to HNR1.DE? The ETFs below have the lowest correlation with HNR1.DE — they tend to move on their own, which can help reduce risk when HNR1.DE drops. The stock ideas table highlights individual companies that behave independently from HNR1.DE.
Best Diversifiers for HNR1.DE
3 ETFs have low correlation with HNR1.DE (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC S&P 500 UCITS ETF USD (H4ZF.DE) (S&P 500) with a 1Y correlation of 0.09, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC S&P 500 UCITS ETF USD | 0.09 | 0.13 | 0.23 | 69 | S&P 500 | HNR1.DE vs H4ZF.DE | |
| Vanguard FTSE Developed World UCITS ETF Distributi... | 0.13 | 0.18 | 0.28 | 77 | Global Equities | HNR1.DE vs VGVE.DE | |
| HSBC MSCI World UCITS ETF USD | 0.14 | 0.19 | 0.28 | 70 | Global Equities | HNR1.DE vs H4ZJ.DE |
Diversification Analysis
Build a portfolio that complements HNR1.DE
Add HNR1.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HNR1.DE