Looking to diversify beyond 5HEE.DE? The ETFs below have the lowest correlation with 5HEE.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 5HEE.DE.
Best Diversifiers for 5HEE.DE
1 ETFs have low correlation with 5HEE.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) (Large Cap Blend Equities) with a 1Y correlation of 0.25, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI USA Multifactor UCITS ETF | 0.25 | 0.59 | 0.75 | 72 | Large Cap Blend Equities | 5HEE.DE vs IBCY.DE | |
| Ossiam Bloomberg Japan PAB NR UCITS ETF (EUR) | 0.32 | 0.41 | — | 51 | Japan Equities | 5HEE.DE vs OP5E.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.42 | 0.54 | 0.71 | 61 | Large Cap Blend Equities | 5HEE.DE vs D6RQ.DE | |
| Fidelity Sustainable Research Enhanced US Equity U... | 0.44 | 0.59 | 0.76 | 65 | Large Cap Blend Equities | 5HEE.DE vs FUSR.DE | |
| Franklin U.S. Equity UCITS ETF | 0.46 | 0.68 | 0.78 | 76 | Large Cap Blend Equities | 5HEE.DE vs FLXU.DE |
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