Looking to diversify beyond HNSC.L? The ETFs below have the lowest correlation with HNSC.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 HNSC.L.
Best Diversifiers for HNSC.L
1 ETFs have low correlation with HNSC.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares UK Dividend UCITS ETF (IUKD.L) (Dividend) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares UK Dividend UCITS ETF | 0.21 | 0.24 | — | 56 | Dividend | HNSC.L vs IUKD.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.36 | 0.38 | — | 53 | Europe Equities | HNSC.L vs HUKX.L | |
| Amundi MSCI Em Latin America UCITS ETF-C USD | 0.41 | 0.37 | — | 67 | Latin America Equities | HNSC.L vs ALAG.L | |
| iShares Emerging Markets Dividend UCITS ETF | 0.47 | 0.40 | — | 81 | Emerging Markets Equities | HNSC.L vs SEDY.L | |
| HSBC MSCI USA UCITS ETF | 0.66 | 0.71 | — | 59 | Large Cap Blend Equities | HNSC.L vs HMUD.L |
See all 18 diversifiers for HNSC.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HNSC.L
Add HNSC.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HNSC.L