Looking to diversify beyond SC06.DE? The ETFs below have the lowest correlation with SC06.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 SC06.DE.
Best Diversifiers for SC06.DE
1 ETFs have low correlation with SC06.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Telecoms Sector UCITS ETF (SC0Q.DE) (Communications Equities) with a 1Y correlation of 0.18, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Telecoms Sector UCITS ETF | 0.18 | 0.26 | 0.29 | 60 | Communications Equities | SC06.DE vs SC0Q.DE | |
| Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.31 | 0.33 | 0.34 | 74 | Nasdaq-100 | SC06.DE vs EQQX.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.31 | 0.33 | 0.34 | 71 | Nasdaq-100 | SC06.DE vs EQQQ.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.31 | 0.33 | — | 71 | Nasdaq-100 | SC06.DE vs EQQB.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.35 | 0.36 | 0.38 | 70 | S&P 500 | SC06.DE vs D500.DE |
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