Looking to diversify beyond HSEP.L? The ETFs below have the lowest correlation with HSEP.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 HSEP.L.
Best Diversifiers for HSEP.L
0 ETFs have low correlation with HSEP.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 0.48, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.48 | 0.46 | — | 86 | Semiconductors, Technology Equities | HSEP.L vs HNSS.L | |
| HSBC S&P 500 UCITS ETF | 0.51 | 0.47 | 0.57 | 70 | S&P 500 | HSEP.L vs HSPX.L | |
| HSBC MSCI USA UCITS ETF | 0.54 | 0.51 | 0.57 | 71 | Large Cap Blend Equities | HSEP.L vs HMUD.L | |
| L&G UK Equity UCITS ETF | 0.56 | 0.66 | 0.71 | 54 | Europe Equities | HSEP.L vs LGUK.L | |
| Franklin European Quality Dividend UCITS ETF | 0.58 | 0.58 | 0.68 | 84 | Europe Equities | HSEP.L vs FLXD.L |
See all 34 diversifiers for HSEP.L
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