Looking to diversify beyond HUKX.L? The ETFs below have the lowest correlation with HUKX.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 HUKX.L.
Best Diversifiers for HUKX.L
5 ETFs have low correlation with HUKX.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 0.23, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.23 | 0.31 | 0.35 | 89 | Semiconductors, Technology Equities | HUKX.L vs HNSS.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF USD | 0.25 | 0.33 | — | 95 | Semiconductors | HUKX.L vs HNSC.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.26 | 0.35 | 0.37 | 93 | South Korea Equities, Asia Pacific Equities | HUKX.L vs HKOR.L | |
| HSBC MSCI Taiwan Capped UCITS ETF USD | 0.26 | 0.38 | 0.39 | 95 | Taiwan Equities, Asia Pacific Equities | HUKX.L vs HTWN.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.27 | 0.18 | 0.20 | 61 | China Equities, Asia Pacific Equities | HUKX.L vs HMCA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUKX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUKX.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.37, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.37 | 0.36 | 0.34 | 75 | Utilities | |
| Aberforth Smaller Companies Trust plc | 0.55 | 0.52 | 0.54 | 70 | Financial Services | |
| Legal & General Group plc | 0.56 | 0.60 | 0.63 | 78 | Financial Services | |
| Fidelity European Values | 0.62 | 0.65 | 0.66 | 56 | Financial Services | |
| The City of London Investment Trust plc | 0.85 | 0.82 | 0.84 | 85 | Financial Services |
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