Looking to diversify beyond EDM2.DE? The ETFs below have the lowest correlation with EDM2.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 EDM2.DE.
Best Diversifiers for EDM2.DE
0 ETFs have low correlation with EDM2.DE (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) (Commodity Producers Equities) with a 1Y correlation of 0.46, roughly unchanged from 0.52 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.46 | 0.52 | — | 87 | Commodity Producers Equities | EDM2.DE vs VVMX.DE | |
| Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 0.47 | 0.50 | 0.50 | 65 | Emerging Markets Equities | EDM2.DE vs LEER.DE | |
| iShares Core MSCI Japan IMI UCITS ETF | 0.49 | 0.48 | 0.49 | 56 | Japan Equities | EDM2.DE vs EUNN.DE | |
| iShares STOXX Global Select Dividend 100 UCITS ETF... | 0.53 | 0.60 | 0.59 | 93 | Global Equities, Dividend | EDM2.DE vs ISPA.DE | |
| Amundi S&P Global Materials ESG UCITS ETF EUR Acc | 0.53 | 0.59 | 0.58 | 51 | Industrials Equities | EDM2.DE vs WELI.DE |
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