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
3 ETFs have low correlation with HUKX.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) (Asia Pacific Equities) with a 1Y correlation of 0.27, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI Korea Capped UCITS ETF USD | 0.27 | 0.35 | 0.37 | 97 | Asia Pacific Equities | HUKX.L vs HKOR.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.27 | 0.33 | — | 97 | Semiconductors, Technology Equities | HUKX.L vs HNSS.L | |
| HSBC MSCI CHINA A UCITS ETF | 0.28 | 0.19 | 0.20 | 78 | China Equities | HUKX.L vs HMCA.L | |
| HSBC MSCI Taiwan Capped UCITS ETF USD | 0.32 | 0.40 | 0.40 | 97 | Asia Pacific Equities | HUKX.L vs HTWN.L | |
| HSBC MSCI AC Far East ex Japan UCITS ETF USD | 0.35 | 0.44 | 0.43 | 94 | Asia Pacific Equities | HUKX.L vs HMAF.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 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.35 | 0.35 | 0.34 | 68 | Utilities | |
| Legal & General Group plc | 0.53 | 0.59 | 0.63 | 63 | Financial Services | |
| Aberforth Smaller Companies Trust plc | 0.56 | 0.52 | 0.54 | 60 | Financial Services | |
| The City of London Investment Trust plc | 0.85 | 0.82 | 0.84 | 80 | Financial Services |
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