Looking to diversify beyond GN0M.DE? The ETFs below have the lowest correlation with GN0M.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 GN0M.DE.
Best Diversifiers for GN0M.DE
2 ETFs have low correlation with GN0M.DE (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Silver (SLVR.DE) (Silver) with a 1Y correlation of 0.25, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Silver | 0.25 | 0.21 | — | 52 | Silver, Precious Metals | GN0M.DE vs SLVR.DE | |
| Global X Wind Energy UCITS ETF USD Accumulating | 0.28 | 0.35 | — | 67 | Energy Equities | GN0M.DE vs WNDY.DE | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.34 | 0.43 | — | 78 | Dividend | GN0M.DE vs UDIV.DE | |
| Global X Nasdaq 100 Covered Call UCITS ETF D | 0.34 | 0.32 | — | 57 | Nasdaq-100, Options Trading | GN0M.DE vs QYLE.DE | |
| Global X Autonomous & Electric Vehicles UCITS ETF ... | 0.58 | 0.59 | — | 93 | Technology Equities | GN0M.DE vs DR7E.DE |
See all 8 diversifiers for GN0M.DE
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