Looking to diversify beyond MCHN.DE? The ETFs below have the lowest correlation with MCHN.DE — 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 MCHN.DE.
Best Diversifiers for MCHN.DE
1 ETFs have low correlation with MCHN.DE (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck New China ESG UCITS ETF A (CEBG.DE) (China Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck New China ESG UCITS ETF A | 0.29 | 0.28 | 0.27 | 52 | China Equities | MCHN.DE vs CEBG.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.36 | 0.23 | 0.29 | 71 | Nasdaq-100 | MCHN.DE vs EQQQ.DE | |
| Invesco S&P 500 UCITS ETF | 0.37 | 0.26 | 0.29 | 70 | S&P 500 | MCHN.DE vs P500.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.37 | 0.26 | 0.29 | 71 | Nasdaq-100 | MCHN.DE vs EQQB.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.37 | 0.26 | 0.30 | 70 | S&P 500 | MCHN.DE vs D500.DE |
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