Looking to balance out your exposure to LLY.DE? The ETFs below have the lowest correlation with LLY.DE — they tend to move on their own, which can help reduce risk when LLY.DE drops. The stock ideas table highlights individual companies that behave independently from LLY.DE.
Best Diversifiers for LLY.DE
2 ETFs have low correlation with LLY.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 -0.04, 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... | -0.04 | -0.05 | — | 94 | Ultrashort Bond | LLY.DE vs ERNX.DE | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.21 | 0.33 | 0.32 | 70 | Global Equities | LLY.DE vs EUNL.DE |
Diversification Analysis
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