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
2 ETFs have low correlation with 04Q.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.DE) (Utilities Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Utilities UCITS ETF 1C | 0.14 | 0.16 | 0.16 | 56 | Utilities Equities | 04Q.DE vs XDWU.DE | |
| Xtrackers Artificial Intelligence & Big Data UCITS... | 0.30 | 0.20 | 0.21 | 81 | Technology Equities | 04Q.DE vs XAIX.DE | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.46 | 0.48 | 0.41 | 94 | Global Equities, Dividend | 04Q.DE vs VDIV.DE | |
| Amundi Euro Stoxx Banks UCITS ETF Acc | 0.71 | 0.62 | 0.50 | 70 | Financials Equities | 04Q.DE vs LYBK.DE |
Diversification Analysis
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