Looking to diversify beyond INDA.DE? The ETFs below have the lowest correlation with INDA.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 INDA.DE.
Best Diversifiers for INDA.DE
3 ETFs have low correlation with INDA.DE (below 0.3), 1 of which are negatively correlated. The least correlated is L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) (Commodities) with a 1Y correlation of -0.18, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Longer Dated All Commodities UCITS ETF | -0.18 | -0.04 | 0.01 | 57 | Commodities | INDA.DE vs ETL2.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.14 | 0.01 | -0.01 | 95 | European Government Bonds | INDA.DE vs PRAB.DE | |
| iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 0.26 | 0.24 | 0.28 | 55 | Utilities Equities | INDA.DE vs EXH9.DE | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | 0.33 | 0.35 | 0.33 | 89 | Energy Equities | INDA.DE vs IQQH.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.40 | 0.33 | 0.41 | 67 | Robotics, Technology Equities | INDA.DE vs GOAI.DE |
See all 28 diversifiers for INDA.DE
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