Looking to balance out your exposure to RACE.MI? The ETFs below have the lowest correlation with RACE.MI — they tend to move on their own, which can help reduce risk when RACE.MI drops. The stock ideas table highlights individual companies that behave independently from RACE.MI.
Best Diversifiers for RACE.MI
1 ETFs have low correlation with RACE.MI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) (Nasdaq-100) with a 1Y correlation of 0.27, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 0.27 | 0.35 | 0.47 | 73 | Nasdaq-100 | RACE.MI vs EQAC.MI |
Diversification Analysis
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