Looking to diversify beyond HPRO.L? The ETFs below have the lowest correlation with HPRO.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 HPRO.L.
Best Diversifiers for HPRO.L
7 ETFs have low correlation with HPRO.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) (Semiconductors) with a 1Y correlation of 0.12, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.12 | 0.22 | — | 92 | Semiconductors, Technology Equities | HPRO.L vs HNSS.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF USD | 0.19 | 0.28 | — | 97 | Semiconductors | HPRO.L vs HNSC.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.21 | 0.13 | 0.14 | 87 | China Equities | HPRO.L vs HMCA.L | |
| HSBC MSCI Emerging Markets UCITS ETF USD | 0.21 | 0.31 | 0.34 | 88 | Emerging Markets Equities | HPRO.L vs HMEF.L | |
| HSBC Emerging Market Sustainable Equity UCITS ETF ... | 0.22 | 0.30 | 0.33 | 69 | Emerging Markets Equities | HPRO.L vs HSEF.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HPRO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HPRO.L and solid risk/return profiles. The least correlated is Tritax Big Box REIT plc (BBOX.L) (Real Estate) with a 1Y correlation of 0.48, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tritax Big Box REIT plc | 0.48 | 0.52 | 0.54 | 63 | Real Estate |
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