Looking to diversify beyond PRAJ.DE? The ETFs below have the lowest correlation with PRAJ.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 PRAJ.DE.
Best Diversifiers for PRAJ.DE
3 ETFs have low correlation with PRAJ.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) (Commodities) with a 1Y correlation of -0.19, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Diversified Commodity Swap UCITS ETF | -0.19 | 0.04 | 0.10 | 60 | Commodities | PRAJ.DE vs SXRS.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.07 | 0.02 | 0.02 | 99 | Money Market | PRAJ.DE vs XEON.DE | |
| iShares € Ultrashort Bond UCITS ETF | 0.10 | 0.10 | 0.09 | 95 | Ultrashort Bond | PRAJ.DE vs IS3M.DE | |
| Xtrackers CSI 300 Swap UCITS ETF 1C | 0.36 | 0.25 | 0.25 | 82 | China Equities, Asia Pacific Equities | PRAJ.DE vs XCHA.DE | |
| Xtrackers MSCI Malaysia UCITS ETF (Acc) | 0.37 | 0.28 | 0.29 | 64 | Asia Pacific Equities | PRAJ.DE vs XCS3.DE |
See all 94 diversifiers for PRAJ.DE
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