Looking to balance out your exposure to ISP.MI? The ETFs below have the lowest correlation with ISP.MI — they tend to move on their own, which can help reduce risk when ISP.MI drops. The stock ideas table highlights individual companies that behave independently from ISP.MI.
Best Diversifiers for ISP.MI
0 ETFs have low correlation with ISP.MI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWMO.MI) (Momentum) with a 1Y correlation of 0.48, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.48 | 0.35 | 0.39 | 63 | Momentum, Global Equities | ISP.MI vs IWMO.MI |
Diversification Analysis
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