Looking to diversify beyond EIB5.DE? The ETFs below have the lowest correlation with EIB5.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 EIB5.DE.
Best Diversifiers for EIB5.DE
8 ETFs have low correlation with EIB5.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 UCITS ETF Dist (D500.DE) (S&P 500) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 UCITS ETF Dist | 0.08 | 0.04 | 0.04 | 74 | S&P 500 | EIB5.DE vs D500.DE | |
| Invesco S&P 500 UCITS ETF | 0.09 | 0.04 | 0.03 | 73 | S&P 500 | EIB5.DE vs P500.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.10 | 0.02 | 0.04 | 56 | Nasdaq-100 | EIB5.DE vs EQQQ.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.11 | 0.02 | — | 64 | Nasdaq-100 | EIB5.DE vs EQQB.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.16 | 0.21 | 0.31 | 97 | European Government Bonds | EIB5.DE vs PRAB.DE |
See all 8 diversifiers for EIB5.DE
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