Looking to diversify beyond GSDE.DE? The ETFs below have the lowest correlation with GSDE.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 GSDE.DE.
Best Diversifiers for GSDE.DE
7 ETFs have low correlation with GSDE.DE (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) (Japan Equities) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Japan IMI UCITS ETF | -0.13 | 0.07 | 0.13 | 56 | Japan Equities | GSDE.DE vs EUNN.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF USD | -0.06 | 0.07 | 0.18 | 73 | S&P 500 | GSDE.DE vs ESAP.DE | |
| BNP Paribas Easy ECPI Circular Economy Leaders UCI... | -0.06 | 0.08 | 0.14 | 52 | Global Equities | GSDE.DE vs EMEC.DE | |
| BNP Paribas Easy S&P 500 UCITS ETF | 0.02 | 0.13 | 0.16 | 74 | S&P 500 | GSDE.DE vs ESEA.DE | |
| iShares Core S&P 500 UCITS ETF USD Dist | 0.05 | 0.16 | 0.19 | 70 | S&P 500 | GSDE.DE vs IUSA.DE |
See all 24 diversifiers for GSDE.DE
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Diversification Analysis
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