Looking to diversify beyond 5ESG.DE? The ETFs below have the lowest correlation with 5ESG.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 5ESG.DE.
Best Diversifiers for 5ESG.DE
9 ETFs have low correlation with 5ESG.DE (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) (Commodities) with a 1Y correlation of -0.12, down from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF (EUR Hedged)... | -0.12 | 0.02 | — | 63 | Commodities | 5ESG.DE vs CMOE.DE | |
| Invesco EUR AAA CLO UCITS ETF Acc | -0.11 | — | — | 91 | CLO | 5ESG.DE vs CLOA.DE | |
| Invesco S&P World Energy ESG UCITS ETF Acc | 0.00 | 0.25 | 0.25 | 53 | Energy Equities | 5ESG.DE vs WDEE.DE | |
| Invesco Bloomberg Commodity ex-Agriculture UCITS E... | 0.01 | 0.15 | 0.17 | 65 | Commodities | 5ESG.DE vs XAAG.DE | |
| iShares S&P 500 Energy Sector UCITS ETF (Acc) | 0.03 | 0.24 | 0.31 | 51 | Energy Equities, S&P 500 | 5ESG.DE vs QDVF.DE |
See all 79 diversifiers for 5ESG.DE
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