Looking to diversify beyond PRAR.DE? The ETFs below have the lowest correlation with PRAR.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 PRAR.DE.
Best Diversifiers for PRAR.DE
8 ETFs have low correlation with PRAR.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.DE) (European Government Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.18 | 0.20 | 0.27 | 97 | European Government Bonds | PRAR.DE vs PRAB.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.21 | 0.06 | 0.08 | 67 | Nasdaq-100 | PRAR.DE vs 6AQQ.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.22 | 0.04 | 0.06 | 91 | Semiconductors, Technology Equities | PRAR.DE vs LSMC.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.25 | 0.09 | 0.09 | 66 | Nasdaq-100 | PRAR.DE vs LYMS.DE | |
| State Street SPDR S&P 500 UCITS ETF USD Unhedged (... | 0.26 | — | — | 77 | S&P 500, Large Cap Blend Equities | PRAR.DE vs SPYL.DE |
See all 13 diversifiers for PRAR.DE
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