Looking to diversify beyond EHDL.DE? The ETFs below have historically moved differently from EHDL.DE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EHDL.DE
1 ETFs have low correlation with EHDL.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Morningstar US Energy Infrastructure MLP UCITS ETF Dist (SMLD.DE) (Infrastructure Equities) with a 1Y correlation of 0.05, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Morningstar US Energy Infrastructure MLP U... | 0.05 | 0.21 | 0.26 | 63 | Infrastructure Equities, Energy Equities | EHDL.DE vs SMLD.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.33 | 0.38 | — | 67 | Nasdaq-100 | EHDL.DE vs EQQB.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.34 | 0.38 | 0.36 | 66 | Nasdaq-100 | EHDL.DE vs EQQQ.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.36 | 0.41 | 0.38 | 81 | S&P 500 | EHDL.DE vs D500.DE | |
| Invesco S&P 500 UCITS ETF | 0.36 | 0.41 | 0.38 | 81 | S&P 500 | EHDL.DE vs P500.DE |
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