Looking to diversify beyond IS3M.DE? The ETFs below have the lowest correlation with IS3M.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 IS3M.DE.
Best Diversifiers for IS3M.DE
26 ETFs have low correlation with IS3M.DE (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) (Ultrashort Bond) with a 1Y correlation of -0.02, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Euro Ultrashort Bond UCITS ETF EUR Accumul... | -0.02 | 0.13 | — | 94 | Ultrashort Bond | IS3M.DE vs ERNX.DE | |
| iShares Diversified Commodity Swap UCITS ETF | -0.02 | -0.02 | -0.02 | 59 | Commodities | IS3M.DE vs SXRS.DE | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.00 | 0.04 | 0.03 | 82 | Emerging Markets Equities | IS3M.DE vs IS3N.DE | |
| iShares S&P 500 Energy Sector UCITS ETF (Acc) | 0.01 | 0.01 | -0.00 | 51 | Energy Equities, S&P 500 | IS3M.DE vs QDVF.DE | |
| iShares Emerging Markets Dividend UCITS ETF | 0.02 | 0.06 | 0.06 | 74 | Emerging Markets Equities | IS3M.DE vs EUNY.DE |
See all 26 diversifiers for IS3M.DE
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Diversification Analysis
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