Looking to diversify beyond EDM4.DE? The ETFs below have the lowest correlation with EDM4.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 EDM4.DE.
Best Diversifiers for EDM4.DE
0 ETFs have low correlation with EDM4.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) (Technology Equities) with a 1Y correlation of 0.52, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Information Technology Sector UCIT... | 0.52 | 0.47 | 0.56 | 65 | Technology Equities, S&P 500 | EDM4.DE vs QDVE.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.54 | 0.68 | 0.76 | 55 | Europe Equities | EDM4.DE vs ELFC.DE | |
| iShares MSCI Global Semiconductors UCITS ETF USD (... | 0.57 | 0.57 | 0.63 | 97 | Semiconductors, Technology Equities | EDM4.DE vs SEC0.DE | |
| iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.57 | 0.52 | 0.59 | 71 | Nasdaq-100 | EDM4.DE vs SXRV.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.58 | 0.62 | 0.70 | 63 | Europe Equities | EDM4.DE vs FLXD.DE |
See all 26 diversifiers for EDM4.DE
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