Looking to balance out your exposure to NDX1.DE? The ETFs below have the lowest correlation with NDX1.DE — they tend to move on their own, which can help reduce risk when NDX1.DE drops. The stock ideas table highlights individual companies that behave independently from NDX1.DE.
Best Diversifiers for NDX1.DE
1 ETFs have low correlation with NDX1.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Nasdaq 100 UCITS ETF (DE) (EXXT.DE) (Nasdaq-100) with a 1Y correlation of 0.29, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Nasdaq 100 UCITS ETF (DE) | 0.29 | 0.16 | 0.24 | 71 | Nasdaq-100 | NDX1.DE vs EXXT.DE |
Diversification Analysis
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