Looking to balance out your exposure to SAP.DE? The ETFs below have the lowest correlation with SAP.DE — they tend to move on their own, which can help reduce risk when SAP.DE drops. The stock ideas table highlights individual companies that behave independently from SAP.DE.
Best Diversifiers for SAP.DE
3 ETFs have low correlation with SAP.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI World Health Care UCITS ETF 1C (XDWH.DE) (Health & Biotech Equities) with a 1Y correlation of 0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Health Care UCITS ETF 1C | 0.13 | 0.23 | 0.31 | 51 | Health & Biotech Equities | SAP.DE vs XDWH.DE | |
| iShares FTSE MIB UCITS ETF (Acc) | 0.19 | 0.38 | 0.46 | 87 | Europe Equities | SAP.DE vs SXRY.DE | |
| L&G Gerd Kommer Multifactor Equity UCITS ETF USD A... | 0.22 | 0.41 | — | 85 | Global Equities | SAP.DE vs GERD.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.32 | 0.48 | 0.53 | 53 | Technology Equities | SAP.DE vs LYPG.DE | |
| Xtrackers Artificial Intelligence & Big Data UCITS... | 0.32 | 0.52 | 0.55 | 72 | Technology Equities | SAP.DE vs XAIX.DE |
See all 8 diversifiers for SAP.DE
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