Looking to balance out your exposure to HVPE.L? The ETFs below have the lowest correlation with HVPE.L — they tend to move on their own, which can help reduce risk when HVPE.L drops. The stock ideas table highlights individual companies that behave independently from HVPE.L.
Best Diversifiers for HVPE.L
3 ETFs have low correlation with HVPE.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Global Real Estate UCITS ETF (TREG.L) (REIT) with a 1Y correlation of 0.18, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Global Real Estate UCITS ETF | 0.18 | 0.20 | 0.28 | 56 | REIT | HVPE.L vs TREG.L | |
| iShares Core S&P 500 UCITS ETF | 0.28 | 0.22 | 0.33 | 75 | S&P 500 | HVPE.L vs CSP1.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.30 | 0.26 | 0.35 | 81 | Global Equities | HVPE.L vs SWDA.L |
Diversification Analysis
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