BNP Paribas Easy Stoxx Europe 600 UCITS ETF EUR C (ETZ.PA) Diversifiers

ETF · Currency in EUR · Last updated Jun 5, 2026

The BNP Paribas Easy Stoxx Europe 600 UCITS ETF EUR C aims to replicate the performance of the STOXX Europe 600 NR Index, providing exposure to large and mid-cap companies across 17 European countries, with a focus on diversified sectors including financial services, industrials, healthcare, and consumer sectors.

Looking to diversify beyond ETZ.PA? The ETFs below have the lowest correlation with ETZ.PA — 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 ETZ.PA.

Best Diversifiers for ETZ.PA

0 ETFs have low correlation with ETZ.PA (below 0.3), 0 of which are negatively correlated. The least correlated is BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) (S&P 500) with a 1Y correlation of 0.60, roughly unchanged from 0.65 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
ESE.PA	BNP Paribas Easy S&P 500 UCITS ETF	0.60	0.56	0.65	69	S&P 500	ETZ.PA vs ESE.PA

Diversification Analysis

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