Looking to diversify beyond IS3L.DE? The ETFs below have the lowest correlation with IS3L.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 IS3L.DE.
Best Diversifiers for IS3L.DE
1 ETFs have low correlation with IS3L.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) (Ultrashort Bond) with a 1Y correlation of -0.12, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (D... | -0.12 | -0.06 | -0.06 | 76 | Ultrashort Bond, ESG | IS3L.DE vs EUED.DE |
Diversification Analysis
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