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
12 ETFs have low correlation with ERNX.DE (below 0.3), 10 of which are negatively correlated. The least correlated is iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) (Emerging Markets Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | -0.14 | -0.05 | — | 82 | Emerging Markets Equities | ERNX.DE vs IS3N.DE | |
| iShares MSCI Global Semiconductors UCITS ETF USD (... | -0.09 | -0.09 | — | 97 | Semiconductors, Technology Equities | ERNX.DE vs SEC0.DE | |
| iShares MSCI ACWI UCITS ETF (Acc) | -0.07 | -0.03 | — | 76 | Global Equities | ERNX.DE vs IUSQ.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | -0.06 | -0.04 | — | 69 | S&P 500 | ERNX.DE vs SXR8.DE | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.06 | -0.06 | — | 65 | Technology Equities, S&P 500 | ERNX.DE vs QDVE.DE |
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