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), 1 of which are negatively correlated. The least correlated is Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) (Commodities) with a 1Y correlation of -0.09, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | -0.09 | 0.09 | — | 70 | Commodities | PRAJ.DE vs XSVT.DE | |
| iShares € Ultrashort Bond UCITS ETF | 0.11 | 0.10 | 0.08 | 93 | Ultrashort Bond | PRAJ.DE vs IS3M.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.43 | 0.44 | 0.49 | 64 | Technology Equities | PRAJ.DE vs LYPG.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.45 | 0.42 | 0.47 | 94 | Semiconductors, Technology Equities | PRAJ.DE vs LSMC.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.46 | 0.47 | 0.50 | 71 | Nasdaq-100 | PRAJ.DE vs LYMS.DE |
See all 44 diversifiers for PRAJ.DE
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