Looking to balance out your exposure to MTE.DE? The ETFs below have the lowest correlation with MTE.DE — they tend to move on their own, which can help reduce risk when MTE.DE drops. The stock ideas table highlights individual companies that behave independently from MTE.DE.
Best Diversifiers for MTE.DE
0 ETFs have low correlation with MTE.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI Robotics & AI ESG Screened UCITS ETF Acc (GOAI.DE) (Robotics) with a 1Y correlation of 0.49, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.49 | 0.54 | 0.58 | 53 | Robotics, Technology Equities | MTE.DE vs GOAI.DE |
Diversification Analysis
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