Looking to diversify beyond HPAX.L? The ETFs below have the lowest correlation with HPAX.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 HPAX.L.
Best Diversifiers for HPAX.L
0 ETFs have low correlation with HPAX.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC FTSE 100 UCITS ETF GBP (HUKX.L) (Europe Equities) with a 1Y correlation of 0.38, down from 0.50 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC FTSE 100 UCITS ETF GBP | 0.38 | 0.50 | — | 55 | Europe Equities | HPAX.L vs HUKX.L | |
| Lyxor MSCI Pacific Ex Japan UCITS ETF | 0.39 | 0.29 | 0.29 | 65 | Asia Pacific Equities | HPAX.L vs PAXJ.L | |
| HSBC MSCI USA UCITS ETF | 0.49 | 0.52 | — | 61 | Large Cap Blend Equities | HPAX.L vs HMUD.L | |
| iShares Asia Pacific Dividend UCITS | 0.52 | 0.65 | 0.64 | 93 | Asia Pacific Equities | HPAX.L vs IAPD.L | |
| HSBC MSCI World UCITS ETF | 0.57 | 0.60 | — | 69 | Global Equities | HPAX.L vs HMWD.L |
See all 21 diversifiers for HPAX.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HPAX.L
Add HPAX.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HPAX.L