Looking to diversify beyond CSNDX.MI? The ETFs below have the lowest correlation with CSNDX.MI — 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 CSNDX.MI.
Best Diversifiers for CSNDX.MI
0 ETFs have low correlation with CSNDX.MI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) (Momentum) with a 1Y correlation of 0.81, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.81 | 0.85 | 0.77 | 63 | Momentum, Global Equities | CSNDX.MI vs IWMO.MI | |
| iShares Core S&P 500 UCITS ETF USD Dist | 0.93 | 0.92 | 0.91 | 70 | S&P 500 | CSNDX.MI vs IUSA.MI | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.93 | 0.92 | 0.92 | 70 | S&P 500 | CSNDX.MI vs CSSPX.MI | |
| Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 0.99 | 0.99 | 0.99 | 73 | Nasdaq-100 | CSNDX.MI vs EQAC.MI |
Diversification Analysis
Build a portfolio that complements CSNDX.MI
Add CSNDX.MI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CSNDX.MI