Looking to diversify beyond MWOP.DE? The ETFs below have the lowest correlation with MWOP.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 MWOP.DE.
Best Diversifiers for MWOP.DE
5 ETFs have low correlation with MWOP.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (D... | 0.02 | 0.00 | — | 80 | Ultrashort Bond, ESG | MWOP.DE vs EUED.DE | |
| iShares Global Infrastructure UCITS ETF | 0.06 | 0.30 | 0.31 | 74 | Global Equities | MWOP.DE vs IQQI.DE | |
| iShares Global Infrastructure UCITS ETF USD (Acc) | 0.08 | 0.31 | — | 76 | Utilities Equities, Global Equities | MWOP.DE vs CBUX.DE | |
| iShares € Corp Bond Interest Rate Hedged ESG SRI U... | 0.21 | 0.30 | — | 58 | Corporate Bonds, ESG | MWOP.DE vs IS0Y.DE | |
| Amundi USD Floating Rate Corporate Bond ESG UCITS ... | 0.26 | 0.11 | — | 97 | Corporate Bonds, ESG | MWOP.DE vs FRNH.DE |
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