Looking to balance out your exposure to LDO.MI? The ETFs below have the lowest correlation with LDO.MI — they tend to move on their own, which can help reduce risk when LDO.MI drops. The stock ideas table highlights individual companies that behave independently from LDO.MI.
Best Diversifiers for LDO.MI
2 ETFs have low correlation with LDO.MI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) (Nasdaq-100) with a 1Y correlation of 0.13, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.13 | 0.19 | 0.19 | 72 | Nasdaq-100 | LDO.MI vs CSNDX.MI | |
| iShares Edge MSCI World Momentum Factor UCITS ETF ... | 0.28 | 0.32 | 0.32 | 64 | Momentum, Global Equities | LDO.MI vs IWMO.MI |
Diversification Analysis
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