Looking to diversify beyond SC04.DE? The ETFs below have the lowest correlation with SC04.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 SC04.DE.
Best Diversifiers for SC04.DE
21 ETFs have low correlation with SC04.DE (below 0.3), 2 of which are negatively correlated. The least correlated is L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) (Commodities) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Longer Dated All Commodities UCITS ETF | -0.16 | -0.08 | -0.03 | 66 | Commodities | SC04.DE vs ETL2.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | -0.01 | 0.07 | 0.05 | 97 | European Government Bonds | SC04.DE vs PRAB.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.07 | 0.24 | 0.37 | 64 | Nasdaq-100 | SC04.DE vs EQQB.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.08 | 0.25 | 0.41 | 56 | Nasdaq-100 | SC04.DE vs EQQQ.DE | |
| Vanguard FTSE North America UCITS ETF Distributing | 0.14 | 0.31 | 0.46 | 76 | Large Cap Blend Equities | SC04.DE vs VNRT.DE |
See all 23 diversifiers for SC04.DE
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