Looking to diversify beyond SC03.DE? The ETFs below have the lowest correlation with SC03.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 SC03.DE.
Best Diversifiers for SC03.DE
9 ETFs have low correlation with SC03.DE (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) (Nasdaq-100) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.10 | 0.07 | 0.23 | 71 | Nasdaq-100 | SC03.DE vs EQQQ.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | -0.09 | 0.07 | — | 71 | Nasdaq-100 | SC03.DE vs EQQB.DE | |
| Invesco Nasdaq-100 Swap UCITS ETF Acc | -0.09 | 0.07 | 0.23 | 74 | Nasdaq-100 | SC03.DE vs EQQX.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.00 | 0.16 | 0.32 | 70 | S&P 500 | SC03.DE vs D500.DE | |
| Invesco S&P 500 UCITS ETF | 0.00 | 0.16 | 0.32 | 70 | S&P 500 | SC03.DE vs P500.DE |
See all 9 diversifiers for SC03.DE
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