Looking to balance out your exposure to NKE.DE? The ETFs below have the lowest correlation with NKE.DE — they tend to move on their own, which can help reduce risk when NKE.DE drops. The stock ideas table highlights individual companies that behave independently from NKE.DE.
Best Diversifiers for NKE.DE
2 ETFs have low correlation with NKE.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Euro Ultrashort Bond UCITS ETF EUR Accumul... | 0.05 | 0.06 | — | 94 | Ultrashort Bond | NKE.DE vs ERNX.DE | |
| iShares Emerging Markets Dividend UCITS ETF | 0.22 | 0.21 | 0.26 | 74 | Emerging Markets Equities | NKE.DE vs EUNY.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.31 | 0.33 | 0.49 | 69 | S&P 500 | NKE.DE vs SXR8.DE | |
| iShares Edge MSCI USA Value Factor UCITS ETF | 0.32 | 0.35 | 0.46 | 98 | Large Cap Value Equities | NKE.DE vs QDVI.DE |
Diversification Analysis
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