Looking to diversify beyond AMEL.DE? The ETFs below have the lowest correlation with AMEL.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 AMEL.DE.
Best Diversifiers for AMEL.DE
6 ETFs have low correlation with AMEL.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) (Commodities) with a 1Y correlation of -0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Diversified Commodity Swap UCITS ETF | -0.02 | 0.15 | 0.23 | 59 | Commodities | AMEL.DE vs SXRS.DE | |
| L&G Longer Dated All Commodities UCITS ETF | 0.03 | 0.17 | 0.26 | 57 | Commodities | AMEL.DE vs ETL2.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.11 | 0.02 | 0.01 | 95 | European Government Bonds | AMEL.DE vs PRAB.DE | |
| Amundi STOXX Europe 600 Energy ESG Screened UCITS ... | 0.27 | 0.36 | 0.41 | 94 | Energy Equities | AMEL.DE vs LOGS.DE | |
| iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 0.27 | 0.24 | 0.25 | 55 | Utilities Equities | AMEL.DE vs EXH9.DE |
See all 42 diversifiers for AMEL.DE
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