Looking to balance out your exposure to HSBA.L? The ETFs below have the lowest correlation with HSBA.L — they tend to move on their own, which can help reduce risk when HSBA.L drops. The stock ideas table highlights individual companies that behave independently from HSBA.L.
Best Diversifiers for HSBA.L
0 ETFs have low correlation with HSBA.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 UCITS ETF (VUSA.L) (S&P 500) with a 1Y correlation of 0.40, up from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 UCITS ETF | 0.40 | 0.31 | 0.29 | 82 | S&P 500 | HSBA.L vs VUSA.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.43 | 0.44 | 0.40 | 87 | Emerging Markets Equities | HSBA.L vs EMIM.L | |
| Vanguard FTSE Developed World UCITS ETF Distributi... | 0.49 | 0.41 | 0.37 | 86 | Global Equities | HSBA.L vs VEVE.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.50 | 0.41 | 0.37 | 83 | Global Equities | HSBA.L vs SWDA.L | |
| HSBC MSCI World UCITS ETF | 0.51 | 0.41 | 0.37 | 78 | Global Equities | HSBA.L vs HMWO.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSBA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSBA.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.14, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.14 | 0.15 | 0.27 | 87 | Energy | |
| Bunzl plc | 0.01 | 0.19 | 0.16 | 51 | Consumer Defensive | |
| National Grid plc | 0.06 | 0.07 | 0.08 | 68 | Utilities | |
| Tesco PLC | 0.12 | 0.17 | 0.21 | 66 | Consumer Defensive | |
| Coca Cola HBC AG | 0.17 | 0.18 | 0.17 | 54 | Consumer Defensive |
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