Looking to diversify beyond PR1P.DE? The ETFs below have the lowest correlation with PR1P.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 PR1P.DE.
Best Diversifiers for PR1P.DE
3 ETFs have low correlation with PR1P.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) (Corporate Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi EUR Floating Rate Corporate Bond ESG UCITS ... | 0.03 | 0.04 | — | 86 | Corporate Bonds | PR1P.DE vs FRNE.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.21 | 0.12 | 0.06 | 94 | Semiconductors, Technology Equities | PR1P.DE vs LSMC.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.30 | 0.21 | 0.15 | 64 | Technology Equities | PR1P.DE vs LYPG.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.32 | 0.24 | 0.15 | 67 | Robotics, Technology Equities | PR1P.DE vs GOAI.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.35 | 0.26 | 0.19 | 72 | Nasdaq-100 | PR1P.DE vs 6AQQ.DE |
See all 8 diversifiers for PR1P.DE
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