Looking to balance out your exposure to ASME.DE? The ETFs below have the lowest correlation with ASME.DE — they tend to move on their own, which can help reduce risk when ASME.DE drops. The stock ideas table highlights individual companies that behave independently from ASME.DE.
Best Diversifiers for ASME.DE
1 ETFs have low correlation with ASME.DE (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) (Commodities) with a 1Y correlation of -0.15, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF (EUR Hedged)... | -0.15 | 0.03 | — | 63 | Commodities | ASME.DE vs CMOE.DE | |
| iShares MSCI World Small Cap UCITS ETF | 0.55 | 0.52 | 0.56 | 73 | Global Equities | ASME.DE vs IUSN.DE | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.59 | 0.63 | 0.67 | 65 | Technology Equities, S&P 500 | ASME.DE vs QDVE.DE | |
| Xtrackers Nasdaq 100 UCITS ETF 1C | 0.62 | 0.64 | 0.67 | 71 | Nasdaq-100 | ASME.DE vs XNAS.DE | |
| Vanguard FTSE All-World UCITS ETF | 0.66 | 0.64 | 0.66 | 76 | Global Equities | ASME.DE vs VWCE.DE |
See all 6 diversifiers for ASME.DE
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