Looking to diversify beyond COVR.DE? The ETFs below have the lowest correlation with COVR.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 COVR.DE.
Best Diversifiers for COVR.DE
5 ETFs have low correlation with COVR.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) (European Corporate Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares EUR Floating Rate Bond ESG UCITS ETF EUR (... | 0.00 | 0.07 | 0.08 | 90 | European Corporate Bonds | COVR.DE vs EFRN.DE | |
| iShares iBonds Dec 2026 Term EUR Corporate UCITS E... | 0.07 | — | — | 95 | European Corporate Bonds | COVR.DE vs IB26.DE | |
| PIMCO Euro Short Maturity UCITS ETF EUR Income | 0.13 | 0.12 | 0.28 | 96 | Short-Term Bond | COVR.DE vs PJS1.DE | |
| PIMCO Euro Short Maturity UCITS ETF EUR Accumulati... | 0.15 | 0.12 | 0.25 | 96 | Short-Term Bond | COVR.DE vs PJSR.DE | |
| Amundi Euro Corporate 0-1Y ESG UCITS ETF | 0.19 | 0.18 | 0.18 | 97 | European Corporate Bonds | COVR.DE vs ECR1.DE |
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