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
8 ETFs have low correlation with HPRO.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD TIPS 0-5 UCITS ETF USD (Dist) (TIP5.L) (Inflation-Protected Bonds) with a 1Y correlation of 0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 0.11 | 0.20 | 0.21 | 75 | Inflation-Protected Bonds | HPRO.L vs TIP5.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.16 | 0.23 | — | 97 | Semiconductors, Technology Equities | HPRO.L vs HNSS.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF USD | 0.17 | 0.21 | — | 97 | Semiconductors | HPRO.L vs HNSC.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.22 | 0.13 | 0.14 | 78 | China Equities | HPRO.L vs HMCA.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.26 | 0.23 | 0.26 | 71 | China Equities | HPRO.L vs HMCT.L |
See all 26 diversifiers for HPRO.L
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