Looking to diversify beyond GOAI.DE? The ETFs below have the lowest correlation with GOAI.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 GOAI.DE.
Best Diversifiers for GOAI.DE
16 ETFs have low correlation with GOAI.DE (below 0.3), 2 of which are negatively correlated. The least correlated is Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) (Energy Equities) with a 1Y correlation of -0.05, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi S&P Global Energy Carbon Reduced UCITS ETF ... | -0.05 | 0.17 | — | 62 | Energy Equities | GOAI.DE vs WELN.DE | |
| HANetf HAN-GINS Indxx Healthcare Megatrend Equal W... | -0.03 | 0.18 | — | 64 | Energy Equities | GOAI.DE vs WELP.DE | |
| Amundi Bloomberg Equal-Weight Commodity Ex-Agricul... | 0.01 | 0.12 | — | 85 | Commodities | GOAI.DE vs C099.DE | |
| Amundi EUR Floating Rate Corporate Bond ESG UCITS ... | 0.02 | 0.03 | — | 84 | Corporate Bonds | GOAI.DE vs FRNE.DE | |
| Lyxor STOXX Europe 600 Utilities UCITS ETF Dist | 0.03 | 0.06 | 0.22 | 57 | Utilities Equities | GOAI.DE vs LUTL.DE |
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