Looking to diversify beyond NBTK.DE? The ETFs below have the lowest correlation with NBTK.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 NBTK.DE.
Best Diversifiers for NBTK.DE
2 ETFs have low correlation with NBTK.DE (below 0.3), 1 of which are negatively correlated. The least correlated is HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) (Health & Biotech Equities) with a 1Y correlation of -0.06, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf HAN-GINS Indxx Healthcare Megatrend Equal W... | -0.06 | 0.12 | — | 57 | Health & Biotech Equities, Equal Weight | NBTK.DE vs WELP.DE | |
| Xtrackers MSCI World Utilities UCITS ETF 1C | 0.21 | 0.27 | 0.28 | 55 | Utilities Equities | NBTK.DE vs XDWU.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.33 | 0.38 | 0.48 | 73 | Nasdaq-100 | NBTK.DE vs EQQQ.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.35 | 0.39 | — | 75 | Nasdaq-100 | NBTK.DE vs EQQB.DE | |
| iShares Edge MSCI World Value Factor UCITS ETF | 0.39 | 0.48 | 0.48 | 97 | Global Equities | NBTK.DE vs IS3S.DE |
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