Looking to diversify beyond ESNB.DE? The ETFs below have the lowest correlation with ESNB.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 ESNB.DE.
Best Diversifiers for ESNB.DE
15 ETFs have low correlation with ESNB.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.DE) (Europe Equities) with a 1Y correlation of 0.00, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 0.00 | 0.02 | -0.00 | 68 | Europe Equities | ESNB.DE vs LCUK.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.01 | 0.03 | 0.03 | 87 | Europe Equities | ESNB.DE vs FLXD.DE | |
| Expat Romania BET UCITS ETF | 0.01 | -0.04 | -0.02 | 96 | Europe Equities | ESNB.DE vs ROX.DE | |
| Amundi MSCI Europe High Dividend Factor UCITS ETF ... | 0.02 | 0.03 | 0.02 | 73 | Europe Equities | ESNB.DE vs EHF1.DE | |
| Ossiam Shiller Barclays CAPE® Europe Sector Value ... | 0.05 | 0.06 | 0.03 | 92 | Europe Equities | ESNB.DE vs EUPE.DE |
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