Looking to diversify beyond IS3N.DE? The ETFs below have the lowest correlation with IS3N.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 IS3N.DE.
Best Diversifiers for IS3N.DE
22 ETFs have low correlation with IS3N.DE (below 0.3), 1 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 -0.05, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Euro Ultrashort Bond UCITS ETF EUR Accumul... | -0.05 | -0.05 | — | 80 | Ultrashort Bond | IS3N.DE vs ERNX.DE | |
| iShares Euro Government Bond 0-3 Month UCITS ETF E... | 0.01 | — | — | 96 | Money Market | IS3N.DE vs E0UA.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.01 | -0.02 | 0.03 | 99 | Bank Loan | IS3N.DE vs XEON.DE | |
| iShares € Ultrashort Bond UCITS ETF | 0.02 | 0.05 | 0.04 | 95 | Ultrashort Bond | IS3N.DE vs IS3M.DE | |
| Invesco Bloomberg Commodity ex-Agriculture UCITS E... | 0.04 | 0.16 | 0.21 | 52 | Commodities | IS3N.DE vs XAAG.DE |
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