Looking to diversify beyond EDEU.DE? The ETFs below have the lowest correlation with EDEU.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 EDEU.DE.
Best Diversifiers for EDEU.DE
0 ETFs have low correlation with EDEU.DE (below 0.3), 0 of which are negatively correlated. The least correlated is BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) (S&P 500) with a 1Y correlation of 0.47, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNP Paribas Easy S&P 500 UCITS ETF EUR | 0.47 | 0.43 | 0.54 | 73 | S&P 500 | EDEU.DE vs ESEE.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF | 0.47 | 0.43 | 0.54 | 64 | S&P 500 | EDEU.DE vs ESEA.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.53 | 0.47 | 0.53 | 57 | Europe Equities | EDEU.DE vs IBCJ.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF USD | 0.58 | 0.52 | 0.63 | 64 | S&P 500 | EDEU.DE vs ESAP.DE | |
| BNP Paribas Easy ECPI Circular Economy Leaders UCI... | 0.61 | 0.62 | 0.68 | 77 | Global Equities | EDEU.DE vs EMEC.DE |
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