Looking to diversify beyond HSPX.L? The ETFs below have the lowest correlation with HSPX.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 HSPX.L.
Best Diversifiers for HSPX.L
2 ETFs have low correlation with HSPX.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.06 | 0.23 | 0.29 | 60 | Energy Equities, S&P 500 | HSPX.L vs IUES.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.27 | 0.17 | 0.20 | 78 | China Equities | HSPX.L vs HMCA.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.33 | 0.23 | 0.28 | 71 | China Equities | HSPX.L vs HMCT.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.43 | 0.43 | 0.50 | 55 | Europe Equities | HSPX.L vs HUKX.L | |
| HSBC MSCI Japan UCITS ETF USD | 0.46 | 0.48 | 0.51 | 58 | Japan Equities | HSPX.L vs HMJP.L |
See all 64 diversifiers for HSPX.L
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Diversification Analysis
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