Looking to diversify beyond HSTE.L? The ETFs below have the lowest correlation with HSTE.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 HSTE.L.
Best Diversifiers for HSTE.L
5 ETFs have low correlation with HSTE.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 -0.19, down from 0.12 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) | -0.19 | 0.06 | 0.12 | 60 | Energy Equities, S&P 500 | HSTE.L vs IUES.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00 | -0.03 | 0.01 | 100 | Government Bonds, Ultrashort Bond | HSTE.L vs IB01.L | |
| HSBC MSCI USA UCITS ETF | 0.27 | 0.22 | 0.26 | 68 | Large Cap Blend Equities | HSTE.L vs HMUS.L | |
| HSBC MSCI Japan UCITS ETF USD | 0.28 | 0.24 | 0.26 | 58 | Japan Equities | HSTE.L vs HMJP.L | |
| HSBC USA Sustainable Equity UCITS ETF USD | 0.30 | 0.22 | 0.26 | 93 | Large Cap Blend Equities | HSTE.L vs HSUS.L |
See all 58 diversifiers for HSTE.L
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Diversification Analysis
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