Looking to diversify beyond 8OUU.DE? The ETFs below have the lowest correlation with 8OUU.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 8OUU.DE.
Best Diversifiers for 8OUU.DE
4 ETFs have low correlation with 8OUU.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) (Financials Equities) with a 1Y correlation of 0.03, up from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Euro Stoxx Banks UCITS ETF Acc | 0.03 | -0.13 | -0.16 | 76 | Financials Equities | 8OUU.DE vs LYBK.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.13 | 0.03 | 0.03 | 87 | Semiconductors, Technology Equities | 8OUU.DE vs LSMC.DE | |
| Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc | 0.19 | 0.11 | — | 60 | Europe Equities | 8OUU.DE vs LYP6.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.26 | 0.15 | — | 58 | Nasdaq-100 | 8OUU.DE vs 6AQQ.DE | |
| Amundi S&P 500 UCITS ETF EUR | 0.33 | 0.24 | — | 73 | S&P 500 | 8OUU.DE vs AUM5.DE |
Diversification Analysis
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