Looking to balance out your exposure to ALV.DE? The ETFs below have the lowest correlation with ALV.DE — they tend to move on their own, which can help reduce risk when ALV.DE drops. The stock ideas table highlights individual companies that behave independently from ALV.DE.
Best Diversifiers for ALV.DE
3 ETFs have low correlation with ALV.DE (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € Cash UCITS ETF EUR Acc | -0.03 | — | — | 100 | Money Market | ALV.DE vs YCSH.DE | |
| Xtrackers Artificial Intelligence & Big Data UCITS... | 0.27 | 0.25 | 0.31 | 84 | Technology Equities | ALV.DE vs XAIX.DE | |
| iShares Dow Jones Global Titans 50 UCITS ETF (DE) | 0.29 | 0.23 | 0.31 | 71 | Global Equities | ALV.DE vs EXI2.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.34 | 0.28 | 0.36 | 76 | S&P 500 | ALV.DE vs SXR8.DE | |
| L&G Gerd Kommer Multifactor Equity UCITS ETF USD A... | 0.35 | 0.38 | — | 84 | Global Equities | ALV.DE vs GERD.DE |
See all 13 diversifiers for ALV.DE
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Diversification Analysis
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