Looking to diversify beyond IWMO.MI? The ETFs below have the lowest correlation with IWMO.MI — 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 IWMO.MI.
Best Diversifiers for IWMO.MI
0 ETFs have low correlation with IWMO.MI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) (Europe Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Developed Europe UCITS ETF | 0.63 | 0.60 | 0.65 | 60 | Europe Equities | IWMO.MI vs VEUR.MI | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.76 | 0.84 | 0.81 | 75 | S&P 500 | IWMO.MI vs CSSPX.MI | |
| iShares Core S&P 500 UCITS ETF USD Dist | 0.79 | 0.84 | 0.82 | 77 | S&P 500 | IWMO.MI vs IUSA.MI | |
| iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.81 | 0.85 | 0.76 | 74 | Nasdaq-100 | IWMO.MI vs CSNDX.MI |
Diversification Analysis
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