Looking to diversify beyond HY3M.DE? The ETFs below have the lowest correlation with HY3M.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 HY3M.DE.
Best Diversifiers for HY3M.DE
9 ETFs have low correlation with HY3M.DE (below 0.3), 4 of which are negatively correlated. The least correlated is UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) (Emerging Markets Bonds) with a 1Y correlation of -0.23, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETF (LU) Bloomberg USD Emerging Markets Sovere... | -0.23 | -0.13 | -0.05 | 68 | Emerging Markets Bonds | HY3M.DE vs FRCK.DE | |
| UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1... | -0.19 | -0.13 | -0.06 | 71 | Emerging Markets Bonds | HY3M.DE vs SEAD.DE | |
| UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1... | -0.18 | -0.12 | -0.05 | 77 | Emerging Markets Bonds | HY3M.DE vs SEAB.DE | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | -0.05 | -0.01 | — | 53 | Rare Earth & Strategic Metals | HY3M.DE vs VVMX.DE | |
| VanEck Space Innovators UCITS ETF | 0.03 | 0.07 | — | 55 | Industrials Equities | HY3M.DE vs JEDI.DE |
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