Looking to balance out your exposure to ENX.PA? The ETFs below have the lowest correlation with ENX.PA — they tend to move on their own, which can help reduce risk when ENX.PA drops. The stock ideas table highlights individual companies that behave independently from ENX.PA.
Best Diversifiers for ENX.PA
1 ETFs have low correlation with ENX.PA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) (Global Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Swap PEA UCITS ETF | 0.06 | 0.10 | 0.10 | 70 | Global Equities | ENX.PA vs WPEA.PA |
Diversification Analysis
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