Looking to diversify beyond PRAZ.DE? The ETFs below have the lowest correlation with PRAZ.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 PRAZ.DE.
Best Diversifiers for PRAZ.DE
1 ETFs have low correlation with PRAZ.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 0.13, roughly unchanged from 0.06 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 | 0.13 | 0.08 | 0.06 | 94 | European Government Bonds | PRAZ.DE vs PRAB.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.53 | 0.64 | 0.71 | 55 | Europe Equities | PRAZ.DE vs ELFC.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.54 | 0.50 | 0.56 | 95 | Semiconductors, Technology Equities | PRAZ.DE vs LSMC.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.54 | 0.55 | 0.57 | 55 | Europe Equities | PRAZ.DE vs IBCJ.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.56 | 0.51 | 0.58 | 67 | Technology Equities | PRAZ.DE vs LYPG.DE |
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