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
9 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 0.14, down 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 | 0.14 | 0.21 | 0.27 | 95 | European Government Bonds | PRAR.DE vs PRAB.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.16 | 0.04 | 0.05 | 94 | Semiconductors, Technology Equities | PRAR.DE vs LSMC.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.17 | 0.05 | 0.07 | 64 | Technology Equities | PRAR.DE vs LYPG.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.20 | 0.09 | 0.09 | 71 | Nasdaq-100 | PRAR.DE vs LYMS.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.21 | 0.08 | 0.09 | 72 | Nasdaq-100 | PRAR.DE vs 6AQQ.DE |
See all 13 diversifiers for PRAR.DE
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