Looking to diversify beyond IS04.DE? The ETFs below have the lowest correlation with IS04.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 IS04.DE.
Best Diversifiers for IS04.DE
10 ETFs have low correlation with IS04.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF (NQSE.DE) (Nasdaq-100) with a 1Y correlation of 0.06, up from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF | 0.06 | 0.03 | -0.07 | 66 | Nasdaq-100 | IS04.DE vs NQSE.DE | |
| iShares MSCI Global Semiconductors UCITS ETF USD (... | 0.06 | 0.03 | — | 97 | Semiconductors, Technology Equities | IS04.DE vs SEC0.DE | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.11 | 0.05 | -0.01 | 65 | Technology Equities, S&P 500 | IS04.DE vs QDVE.DE | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.11 | 0.05 | -0.03 | 82 | Emerging Markets Equities | IS04.DE vs IS3N.DE | |
| iShares STOXX Global Select Dividend 100 UCITS ETF... | 0.12 | 0.12 | -0.05 | 93 | Global Equities, Dividend | IS04.DE vs ISPA.DE |
See all 12 diversifiers for IS04.DE
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Diversification Analysis
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