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), 1 of which are negatively correlated. The least correlated is HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) (Health & Biotech Equities) with a 1Y correlation of -0.13, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf HAN-GINS Indxx Healthcare Megatrend Equal W... | -0.13 | 0.10 | — | 57 | Health & Biotech Equities, Equal Weight | GN0M.DE vs WELP.DE | |
| Global X S&P 500 Quarterly Tail Hedge UCITS ETF US... | 0.24 | 0.31 | 0.32 | 55 | Defined Outcome, S&P 500 | GN0M.DE vs SPQH.DE | |
| Global X S&P 500 Covered Call UCITS ETF Inc | 0.30 | 0.31 | — | 72 | S&P 500, Derivative Income | GN0M.DE vs XY7D.DE | |
| Global X Nasdaq 100 Covered Call UCITS ETF D | 0.35 | 0.31 | 0.32 | 85 | Nasdaq-100, Options Trading | GN0M.DE vs QYLE.DE | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.35 | 0.43 | 0.42 | 83 | Dividend | GN0M.DE vs UDIV.DE |
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