Looking to diversify beyond ASRD.DE? The ETFs below have the lowest correlation with ASRD.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 ASRD.DE.
Best Diversifiers for ASRD.DE
9 ETFs have low correlation with ASRD.DE (below 0.3), 2 of which are negatively correlated. The least correlated is BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) (Commodities) with a 1Y correlation of -0.30, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNP Paribas Easy Energy & Metals Enhanced Roll UCI... | -0.30 | -0.12 | -0.05 | 59 | Commodities | ASRD.DE vs GSDE.DE | |
| L&G ESG Emerging Markets Government Bond (USD) 0-5... | -0.01 | 0.01 | 0.03 | 54 | Emerging Markets Bonds | ASRD.DE vs EMA5.DE | |
| UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced ... | 0.16 | 0.26 | 0.22 | 75 | Emerging Markets Bonds | ASRD.DE vs UEFE.DE | |
| Xtrackers ESG USD Emerging Markets Bond Quality We... | 0.16 | 0.40 | 0.42 | 52 | Emerging Markets Bonds | ASRD.DE vs XQUA.DE | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.22 | 0.29 | 0.26 | 72 | Emerging Markets Bonds | ASRD.DE vs EM1C.DE |
See all 38 diversifiers for ASRD.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ASRD.DE
Add ASRD.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ASRD.DE