Looking to diversify beyond ERNX.DE? The ETFs below have the lowest correlation with ERNX.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 ERNX.DE.
Best Diversifiers for ERNX.DE
15 ETFs have low correlation with ERNX.DE (below 0.3), 6 of which are negatively correlated. The least correlated is iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) (Emerging Markets Equities) with a 1Y correlation of -0.06, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Emerging Markets Dividend UCITS ETF | -0.06 | -0.02 | -0.02 | 78 | Emerging Markets Equities | ERNX.DE vs EUNY.DE | |
| JPM EUR Ultra-Short Income Active UCITS ETF EUR Ac... | -0.06 | 0.02 | — | 96 | Ultrashort Bond | ERNX.DE vs JEST.DE | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | -0.06 | -0.05 | — | 73 | Emerging Markets Equities | ERNX.DE vs IS3N.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -0.05 | 0.09 | — | 99 | Money Market | ERNX.DE vs XEON.DE | |
| iShares MSCI Global Semiconductors UCITS ETF USD (... | -0.03 | -0.05 | -0.02 | 96 | Semiconductors, Technology Equities | ERNX.DE vs SEC0.DE |
See all 15 diversifiers for ERNX.DE
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