Looking to diversify beyond IWDP.AS? The ETFs below have the lowest correlation with IWDP.AS — 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 IWDP.AS.
Best Diversifiers for IWDP.AS
1 ETFs have low correlation with IWDP.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF (CNDX.AS) (Nasdaq-100) with a 1Y correlation of 0.15, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF | 0.15 | 0.27 | 0.42 | 74 | Nasdaq-100 | IWDP.AS vs CNDX.AS | |
| iShares Core S&P 500 UCITS ETF | 0.33 | 0.44 | 0.57 | 84 | S&P 500 | IWDP.AS vs CSPX.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.38 | 0.49 | 0.61 | 87 | Global Equities | IWDP.AS vs IWDA.AS | |
| iShares Euro Dividend UCITS ETF | 0.38 | 0.38 | 0.48 | 76 | Europe Equities | IWDP.AS vs IDVY.AS | |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.41 | 0.44 | 0.53 | 64 | Europe Equities | IWDP.AS vs IMAE.AS |
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