Looking to diversify beyond PRAP.DE? The ETFs below have the lowest correlation with PRAP.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 PRAP.DE.
Best Diversifiers for PRAP.DE
8 ETFs have low correlation with PRAP.DE (below 0.3), 2 of which are negatively correlated. The least correlated is iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (SXRR.DE) (Corporate Bonds) 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 |
|---|---|---|---|---|---|---|---|
| iShares $ Floating Rate Bond UCITS ETF EUR Hedged ... | -0.08 | -0.02 | 0.01 | 92 | Corporate Bonds | PRAP.DE vs SXRR.DE | |
| iShares € Corp Bond Interest Rate Hedged ESG SRI U... | -0.02 | 0.04 | -0.05 | 58 | Corporate Bonds, ESG | PRAP.DE vs IS0Y.DE | |
| Amundi Euro Stoxx Banks UCITS ETF Acc | 0.02 | -0.08 | -0.19 | 78 | Financials Equities | PRAP.DE vs LYBK.DE | |
| Amundi EUR Floating Rate Corporate Bond ESG UCITS ... | 0.05 | 0.02 | -0.02 | 92 | Corporate Bonds | PRAP.DE vs FRNE.DE | |
| Amundi USD Floating Rate Corporate Bond ESG UCITS ... | 0.08 | 0.06 | 0.03 | 97 | Corporate Bonds, ESG | PRAP.DE vs FRNH.DE |
See all 11 diversifiers for PRAP.DE
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Diversification Analysis
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