Looking to diversify beyond 8PSG.DE? The ETFs below have the lowest correlation with 8PSG.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 8PSG.DE.
Best Diversifiers for 8PSG.DE
64 ETFs have low correlation with 8PSG.DE (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | -0.08 | -0.02 | 0.05 | 80 | Government Bonds, Short-Term Bond | 8PSG.DE vs SHY | |
| iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | -0.06 | 0.01 | 0.08 | 84 | Government Bonds, Short-Term Bond | 8PSG.DE vs IBTA.L | |
| iShares USD Short Duration High Yield Corporate Bo... | -0.06 | 0.02 | 0.06 | 55 | High Yield Bonds | 8PSG.DE vs SDHG.L | |
| Amundi EUR Overnight Return UCITS ETF Acc | 0.01 | 0.00 | 0.00 | 97 | Money Market | 8PSG.DE vs CSH.PA | |
| iShares € Ultrashort Bond UCITS ETF | 0.05 | 0.08 | 0.06 | 95 | Ultrashort Bond | 8PSG.DE vs IS3M.DE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from 8PSG.DE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to 8PSG.DE and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.02 | -0.01 | 0.01 | 76 | Consumer Defensive | |
| Eli Lilly and Company | 0.05 | 0.02 | 0.01 | 75 | Healthcare | |
| Rigetti Computing Inc | 0.13 | 0.08 | 0.08 | 64 | Technology | |
| NVIDIA Corporation | 0.13 | 0.05 | -0.01 | 66 | Technology | |
| Alphabet Inc. Class A | 0.16 | 0.08 | 0.02 | 96 | Communication Services |
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