Looking to diversify beyond PR1Z.DE? The ETFs below have the lowest correlation with PR1Z.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 PR1Z.DE.
Best Diversifiers for PR1Z.DE
0 ETFs have low correlation with PR1Z.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) (Europe Equities) with a 1Y correlation of 0.55, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.55 | 0.68 | 0.75 | 55 | Europe Equities | PR1Z.DE vs ELFC.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.56 | 0.51 | 0.57 | 94 | Semiconductors, Technology Equities | PR1Z.DE vs LSMC.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.56 | 0.51 | 0.60 | 64 | Technology Equities | PR1Z.DE vs LYPG.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.57 | 0.61 | 0.70 | 63 | Europe Equities | PR1Z.DE vs FLXD.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.57 | 0.59 | 0.68 | 67 | Robotics, Technology Equities | PR1Z.DE vs GOAI.DE |
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