Looking to diversify beyond 8PSB.DE? The ETFs below have the lowest correlation with 8PSB.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 8PSB.DE.
Best Diversifiers for 8PSB.DE
5 ETFs have low correlation with 8PSB.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) (Nasdaq-100) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.22 | 0.14 | — | 71 | Nasdaq-100 | 8PSB.DE vs EQQQ.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.22 | 0.14 | — | 71 | Nasdaq-100 | 8PSB.DE vs EQQB.DE | |
| Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.22 | 0.14 | 0.14 | 74 | Nasdaq-100 | 8PSB.DE vs EQQX.DE | |
| Invesco S&P 500 UCITS ETF | 0.23 | 0.15 | 0.14 | 70 | S&P 500 | 8PSB.DE vs P500.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.23 | 0.15 | — | 70 | S&P 500 | 8PSB.DE vs D500.DE |
See all 11 diversifiers for 8PSB.DE
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