Looking to balance out your exposure to HOC.L? The ETFs below have the lowest correlation with HOC.L — they tend to move on their own, which can help reduce risk when HOC.L drops. The stock ideas table highlights individual companies that behave independently from HOC.L.
Best Diversifiers for HOC.L
0 ETFs have low correlation with HOC.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Physical Silver ETC (SSLN.L) (Silver) with a 1Y correlation of 0.67, up from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Physical Silver ETC | 0.67 | 0.54 | 0.52 | 56 | Silver, Precious Metals | HOC.L vs SSLN.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOC.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOC.L and solid risk/return profiles. The least correlated is Greatland Gold plc (GGP.L) (Basic Materials) with a 1Y correlation of 0.49, up from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.49 | 0.29 | 0.23 | 87 | Basic Materials | |
| Fresnillo plc | 0.74 | 0.64 | 0.62 | 91 | Basic Materials |
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