Looking to balance out your exposure to 04Q.DE? The ETFs below have the lowest correlation with 04Q.DE — they tend to move on their own, which can help reduce risk when 04Q.DE drops. The stock ideas table highlights individual companies that behave independently from 04Q.DE.
Best Diversifiers for 04Q.DE
1 ETFs have low correlation with 04Q.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX.DE) (Technology Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Artificial Intelligence & Big Data UCITS... | 0.29 | 0.20 | — | 86 | Technology Equities | 04Q.DE vs XAIX.DE | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.48 | 0.48 | — | 88 | Global Equities, Dividend | 04Q.DE vs VDIV.DE |
Diversification Analysis
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