Looking to diversify beyond 3DAX.DE? The ETFs below have the lowest correlation with 3DAX.DE — 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 3DAX.DE.
Best Diversifiers for 3DAX.DE
1 ETFs have low correlation with 3DAX.DE (below 0.3), 0 of which are negatively correlated. The least correlated is IncomeShares Alphabet (GOOG) Options ETP (IGOG.DE) (Derivative Income) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| IncomeShares Alphabet (GOOG) Options ETP | 0.27 | 0.33 | — | 74 | Derivative Income | 3DAX.DE vs IGOG.DE | |
| IncomeShares META Options ETP | 0.37 | — | — | 97 | Derivative Income | 3DAX.DE vs METY.DE | |
| Leverage Shares 3x Long Taiwan ETP Securities | 0.50 | 0.49 | — | 96 | Leveraged Equities | 3DAX.DE vs TAI3.DE | |
| Amundi ETF Leveraged MSCI USA Daily UCITS ETF | 0.64 | 0.55 | — | 63 | Leveraged Equities | 3DAX.DE vs 18MF.DE | |
| Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ET... | 0.69 | 0.62 | — | 67 | Leveraged Equities, S&P 500 | 3DAX.DE vs DBPG.DE |
Diversification Analysis
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