Looking to diversify beyond GLDA.DE? The ETFs below have historically moved differently from GLDA.DE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GLDA.DE
15 ETFs have low correlation with GLDA.DE (below 0.3), 1 of which are negatively correlated. The least correlated is Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) (Money Market) with a 1Y correlation of -0.00, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -0.00 | 0.06 | 0.06 | 99 | Money Market | GLDA.DE vs XEON.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.08 | 0.09 | 0.11 | 97 | European Government Bonds | GLDA.DE vs PRAB.DE | |
| iShares € Ultrashort Bond UCITS ETF | 0.10 | 0.10 | 0.07 | 95 | Ultrashort Bond | GLDA.DE vs IS3M.DE | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.21 | 0.10 | 0.04 | 94 | Small Cap Value Equities | GLDA.DE vs ZPRV.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.24 | 0.08 | 0.02 | 54 | Technology Equities | GLDA.DE vs LYPG.DE |
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