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
6 ETFs have low correlation with HSTE.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.01 | -0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | HSTE.L vs IB01.L | |
| Xtrackers MSCI World Utilities UCITS ETF 1C | 0.05 | 0.16 | 0.16 | 51 | Utilities Equities | HSTE.L vs XDWU.L | |
| HSBC MSCI Canada UCITS ETF | 0.29 | 0.28 | 0.34 | 92 | Global Equities | HSTE.L vs HCAN.L | |
| HSBC Europe Sustainable Equity UCITS ETF EUR | 0.29 | 0.32 | 0.34 | 60 | Europe Equities | HSTE.L vs HSEP.L | |
| HSBC Europe Ex UK Screened Equity UCITS ETF EUR Di... | 0.30 | 0.31 | — | 64 | Europe Equities | HSTE.L vs HSXE.L |
See all 58 diversifiers for HSTE.L
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