Looking to diversify beyond HWWA.L? The ETFs below have historically moved differently from HWWA.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HWWA.L
5 ETFs have low correlation with HWWA.L (below 0.3), 3 of which are negatively correlated. The least correlated is iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) (Energy Equities) with a 1Y correlation of -0.15, down from 0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.15 | 0.21 | — | 77 | Energy Equities | HWWA.L vs WENS.L | |
| State Street SPDR MSCI World Energy UCITS ETF USD ... | -0.14 | 0.23 | 0.32 | 75 | Global Equities, Energy Equities | HWWA.L vs WNRG.L | |
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | -0.10 | 0.08 | 0.17 | 87 | Commodities | HWWA.L vs UC15.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.06 | 0.30 | 0.43 | 77 | Infrastructure Equities, Utilities Equities, Global Equities | HWWA.L vs INFR.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.08 | 0.30 | 0.42 | 74 | Infrastructure Equities, Mid Cap Value Equities, Global Equities | HWWA.L vs IDIN.L |
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