Looking to diversify beyond PRAE.DE? The ETFs below have the lowest correlation with PRAE.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 PRAE.DE.
Best Diversifiers for PRAE.DE
0 ETFs have low correlation with PRAE.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI World Information Technology UCITS ETF EUR Acc (LYPG.DE) (Technology Equities) with a 1Y correlation of 0.47, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI World Information Technology UCITS ETF... | 0.47 | 0.46 | 0.56 | 64 | Technology Equities | PRAE.DE vs LYPG.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.48 | 0.47 | 0.54 | 94 | Semiconductors, Technology Equities | PRAE.DE vs LSMC.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.50 | 0.55 | 0.65 | 67 | Robotics, Technology Equities | PRAE.DE vs GOAI.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.51 | 0.49 | 0.57 | 71 | Nasdaq-100 | PRAE.DE vs LYMS.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.52 | 0.49 | 0.58 | 72 | Nasdaq-100 | PRAE.DE vs 6AQQ.DE |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PRAE.DE
Add PRAE.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRAE.DE