Looking to balance out your exposure to H2O.DE? The ETFs below have the lowest correlation with H2O.DE — they tend to move on their own, which can help reduce risk when H2O.DE drops. The stock ideas table highlights individual companies that behave independently from H2O.DE.
Best Diversifiers for H2O.DE
3 ETFs have low correlation with H2O.DE (below 0.3), 2 of which are negatively correlated. The least correlated is Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) (Financials Equities) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor STOXX Europe 600 Banks UCITS ETF Acc | -0.09 | -0.02 | 0.03 | 53 | Financials Equities | H2O.DE vs LBNK.DE | |
| WisdomTree Renewable Energy UCITS ETF USD Unhedged... | -0.02 | — | — | 91 | Energy Equities | H2O.DE vs WRNW.DE | |
| VanEck Space Innovators UCITS ETF | 0.09 | 0.02 | — | 94 | Industrials Equities | H2O.DE vs JEDI.DE |
Diversification Analysis
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