Looking to diversify beyond GRX.DE? The ETFs below have the lowest correlation with GRX.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 GRX.DE.
Best Diversifiers for GRX.DE
6 ETFs have low correlation with GRX.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) (Europe Equities) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ossiam Shiller Barclays CAPE® Europe Sector Value ... | 0.17 | 0.23 | 0.31 | 92 | Europe Equities | GRX.DE vs EUPE.DE | |
| Expat Croatia Crobex UCITS ETF | 0.18 | 0.14 | 0.19 | 54 | Europe Equities | GRX.DE vs ECDC.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.20 | 0.20 | 0.27 | 87 | Europe Equities | GRX.DE vs FLXD.DE | |
| Expat Romania BET UCITS ETF | 0.21 | 0.13 | 0.19 | 96 | Europe Equities | GRX.DE vs ROX.DE | |
| Amundi MSCI Europe High Dividend Factor UCITS ETF ... | 0.23 | 0.23 | 0.28 | 73 | Europe Equities | GRX.DE vs EHF1.DE |
See all 14 diversifiers for GRX.DE
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