Looking to balance out your exposure to MHL.DE? The ETFs below have the lowest correlation with MHL.DE — they tend to move on their own, which can help reduce risk when MHL.DE drops. The stock ideas table highlights individual companies that behave independently from MHL.DE.
Best Diversifiers for MHL.DE
19 ETFs have low correlation with MHL.DE (below 0.3), 4 of which are negatively correlated. The least correlated is iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.DE) (Energy Equities) with a 1Y correlation of -0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy UCITS ETF USD (Dist) | -0.13 | 0.13 | 0.24 | 89 | Energy Equities | MHL.DE vs IQQH.DE | |
| Amundi MSCI Emerging Markets Latin America UCITS E... | -0.06 | 0.17 | 0.21 | 57 | Latin America Equities | MHL.DE vs AMEL.DE | |
| L&G Longer Dated All Commodities UCITS ETF | -0.03 | 0.08 | 0.08 | 57 | Commodities | MHL.DE vs ETL2.DE | |
| iShares STOXX Europe 600 Utilities UCITS ETF (DE) | -0.02 | 0.10 | 0.19 | 55 | Utilities Equities | MHL.DE vs EXH9.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.05 | 0.06 | 0.04 | 95 | European Government Bonds | MHL.DE vs PRAB.DE |
See all 19 diversifiers for MHL.DE
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