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
2 ETFs have low correlation with PRAJ.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) (Bank Loan) with a 1Y correlation of 0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.08 | 0.01 | 0.01 | 99 | Bank Loan | PRAJ.DE vs XEON.DE | |
| iShares € Ultrashort Bond UCITS ETF | 0.12 | 0.11 | 0.09 | 95 | Ultrashort Bond | PRAJ.DE vs IS3M.DE | |
| Xtrackers CSI 300 Swap UCITS ETF 1C | 0.31 | 0.23 | 0.24 | 91 | China Equities | PRAJ.DE vs XCHA.DE | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.39 | 0.34 | 0.35 | 72 | Emerging Markets Bonds | PRAJ.DE vs EM1C.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.46 | 0.44 | 0.49 | 56 | Technology Equities | PRAJ.DE vs LYPG.DE |
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