Looking to balance out your exposure to MDO.DE? The ETFs below have the lowest correlation with MDO.DE — they tend to move on their own, which can help reduce risk when MDO.DE drops. The stock ideas table highlights individual companies that behave independently from MDO.DE.
Best Diversifiers for MDO.DE
2 ETFs have low correlation with MDO.DE (below 0.3), 0 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 0.04 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 | 0.04 | — | 94 | Ultrashort Bond | MDO.DE vs ERNX.DE | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.05 | 0.19 | 0.30 | 70 | Global Equities | MDO.DE vs EUNL.DE |
Diversification Analysis
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