Looking to balance out your exposure to HRI.L? The ETFs below have the lowest correlation with HRI.L — they tend to move on their own, which can help reduce risk when HRI.L drops. The stock ideas table highlights individual companies that behave independently from HRI.L.
No Diversifiers Found for HRI.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HRI.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HRI.L and solid risk/return profiles. The least correlated is Schiehallion Fund Ltd (MNTN.L) (Financial Services) with a 1Y correlation of 0.16, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Schiehallion Fund Ltd | 0.16 | 0.15 | 0.12 | 96 | Financial Services | |
| Allianz Technology Trust plc | 0.66 | 0.64 | 0.61 | 96 | Financial Services |
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