Looking to balance out your exposure to 639.DE? The ETFs below have the lowest correlation with 639.DE — they tend to move on their own, which can help reduce risk when 639.DE drops. The stock ideas table highlights individual companies that behave independently from 639.DE.
Best Diversifiers for 639.DE
4 ETFs have low correlation with 639.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) (Global Equities) with a 1Y correlation of 0.21, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI ACWI UCITS ETF (Acc) | 0.21 | 0.36 | 0.43 | 76 | Global Equities | 639.DE vs IUSQ.DE | |
| Amundi MSCI All Country World UCITS ETF EUR Acc | 0.21 | 0.36 | 0.43 | 75 | Global Equities | 639.DE vs LYY0.DE | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.23 | 0.36 | 0.43 | 70 | Global Equities | 639.DE vs EUNL.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.25 | 0.37 | 0.42 | 69 | S&P 500 | 639.DE vs SXR8.DE |
Diversification Analysis
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