Looking to diversify beyond PRAB.DE? The ETFs below have the lowest correlation with PRAB.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 PRAB.DE.
Best Diversifiers for PRAB.DE
34 ETFs have low correlation with PRAB.DE (below 0.3), 2 of which are negatively correlated. The least correlated is L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) (Commodities) with a 1Y correlation of -0.16, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Longer Dated All Commodities UCITS ETF | -0.16 | -0.08 | -0.08 | 57 | Commodities | PRAB.DE vs ETL2.DE | |
| Xtrackers MSCI World Energy UCITS ETF 1C | -0.06 | -0.03 | -0.05 | 59 | Energy Equities | PRAB.DE vs XDW0.DE | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | 0.01 | 0.05 | 0.05 | 89 | Energy Equities | PRAB.DE vs IQQH.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.01 | 0.01 | 0.02 | 71 | Nasdaq-100 | PRAB.DE vs LYMS.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.02 | 0.02 | 0.02 | 72 | Nasdaq-100 | PRAB.DE vs 6AQQ.DE |
See all 34 diversifiers for PRAB.DE
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