Looking to diversify beyond ESAP.DE? The ETFs below have the lowest correlation with ESAP.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 ESAP.DE.
Best Diversifiers for ESAP.DE
1 ETFs have low correlation with ESAP.DE (below 0.3), 0 of which are negatively correlated. The least correlated is BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (GSDE.DE) (Commodities) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNP Paribas Easy Energy & Metals Enhanced Roll UCI... | 0.05 | 0.12 | 0.17 | 59 | Commodities | ESAP.DE vs GSDE.DE | |
| BNP Paribas Easy ESG Value Europe UCITS ETF | 0.48 | 0.45 | 0.56 | 73 | Europe Equities | ESAP.DE vs VALD.DE | |
| Global X S&P 500 Covered Call UCITS ETF Inc | 0.53 | — | — | 72 | S&P 500, Derivative Income | ESAP.DE vs XY7D.DE | |
| Global X S&P 500 Quarterly Tail Hedge UCITS ETF US... | 0.54 | 0.59 | — | 55 | Defined Outcome, S&P 500 | ESAP.DE vs SPQH.DE | |
| BNP Paribas Easy MSCI Europe ESG Filtered Min TE U... | 0.58 | 0.56 | 0.64 | 55 | Europe Equities | ESAP.DE vs EEUX.DE |
See all 61 diversifiers for ESAP.DE
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