Looking to balance out your exposure to CAP.PA? The ETFs below have the lowest correlation with CAP.PA — they tend to move on their own, which can help reduce risk when CAP.PA drops. The stock ideas table highlights individual companies that behave independently from CAP.PA.
Best Diversifiers for CAP.PA
2 ETFs have low correlation with CAP.PA (below 0.3), 0 of which are negatively correlated. The least correlated is BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) (S&P 500) with a 1Y correlation of 0.25, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNP Paribas Easy S&P 500 UCITS ETF | 0.25 | 0.32 | 0.44 | 69 | S&P 500 | CAP.PA vs ESE.PA | |
| iShares MSCI World Swap PEA UCITS ETF | 0.27 | 0.34 | 0.34 | 70 | Global Equities | CAP.PA vs WPEA.PA |
Diversification Analysis
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