Looking to balance out your exposure to PHM7.DE? The ETFs below have the lowest correlation with PHM7.DE — they tend to move on their own, which can help reduce risk when PHM7.DE drops. The stock ideas table highlights individual companies that behave independently from PHM7.DE.
Best Diversifiers for PHM7.DE
2 ETFs have low correlation with PHM7.DE (below 0.3), 2 of which are negatively correlated. The least correlated is Amundi MSCI Emerging Markets UCITS ETF EUR (AMEM.DE) (Emerging Markets Equities) with a 1Y correlation of -0.22, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Emerging Markets UCITS ETF EUR | -0.22 | -0.07 | 0.00 | 85 | Emerging Markets Equities | PHM7.DE vs AMEM.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | -0.16 | 0.05 | 0.17 | 69 | S&P 500 | PHM7.DE vs SXR8.DE |
Diversification Analysis
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