Looking to diversify beyond PADV.L? The ETFs below have the lowest correlation with PADV.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 PADV.L.
Best Diversifiers for PADV.L
9 ETFs have low correlation with PADV.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC MSCI Korea Capped UCITS ETF USD (HKOR.L) (South Korea Equities) with a 1Y correlation of 0.25, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI Korea Capped UCITS ETF USD | 0.25 | 0.37 | 0.42 | 93 | South Korea Equities, Asia Pacific Equities | PADV.L vs HKOR.L | |
| Lyxor MSCI Korea UCITS ETF - Acc | 0.25 | 0.37 | 0.42 | 93 | South Korea Equities, Asia Pacific Equities | PADV.L vs KRWL.L | |
| Franklin FTSE Korea UCITS ETF | 0.26 | 0.37 | 0.42 | 93 | South Korea Equities, Asia Pacific Equities | PADV.L vs FLRK.L | |
| HSBC MSCI Taiwan Capped UCITS ETF USD | 0.26 | 0.41 | 0.46 | 95 | Taiwan Equities, Asia Pacific Equities | PADV.L vs HTWN.L | |
| iShares MSCI Korea UCITS ETF (Dist) | 0.26 | 0.38 | 0.43 | 93 | South Korea Equities, Asia Pacific Equities | PADV.L vs IKOR.L |
See all 42 diversifiers for PADV.L
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Diversification Analysis
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