Looking to diversify beyond S500.PA? The ETFs below have the lowest correlation with S500.PA — 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 S500.PA.
Best Diversifiers for S500.PA
1 ETFs have low correlation with S500.PA (below 0.3), 1 of which are negatively correlated. The least correlated is Amundi EUR Overnight Return UCITS ETF Acc (CSH.PA) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi EUR Overnight Return UCITS ETF Acc | -0.05 | -0.03 | -0.03 | 97 | Money Market | S500.PA vs CSH.PA | |
| Amundi PEA Emergent (MSCI Emerging) ESG Transition... | 0.60 | 0.48 | 0.49 | 82 | Emerging Markets Equities | S500.PA vs PAEEM.PA | |
| Lyxor UCITS NASDAQ-100 Daily Leverage | 0.84 | 0.85 | 0.87 | 71 | Nasdaq-100, Leveraged Equities | S500.PA vs LQQ.PA | |
| Amundi PEA Nasdaq-100 UCITS ETF Acc | 0.88 | 0.91 | 0.91 | 70 | Nasdaq-100 | S500.PA vs PUST.PA | |
| Amundi PEA Monde (MSCI World) UCITS ETF Acc | 0.93 | — | — | 67 | Global Equities | S500.PA vs DCAM.PA |
See all 10 diversifiers for S500.PA
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