Looking to diversify beyond PJS1.DE? The ETFs below have the lowest correlation with PJS1.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 PJS1.DE.
Best Diversifiers for PJS1.DE
1 ETFs have low correlation with PJS1.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc (PR1H.DE) (Short-Term Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged ... | 0.07 | 0.02 | 0.16 | 97 | Short-Term Bond | PJS1.DE vs PR1H.DE | |
| PIMCO Euro Short Maturity UCITS ETF EUR Accumulati... | 0.49 | 0.48 | 0.62 | 96 | Short-Term Bond | PJS1.DE vs PJSR.DE |
Diversification Analysis
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