Looking to diversify beyond SC0P.DE? The ETFs below have the lowest correlation with SC0P.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 SC0P.DE.
Best Diversifiers for SC0P.DE
2 ETFs have low correlation with SC0P.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) (Nasdaq-100) with a 1Y correlation of 0.28, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.28 | 0.30 | — | 72 | Nasdaq-100 | SC0P.DE vs EQQB.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.29 | 0.30 | 0.40 | 71 | Nasdaq-100 | SC0P.DE vs EQQQ.DE | |
| Invesco S&P 500 UCITS ETF | 0.34 | 0.31 | 0.43 | 75 | S&P 500 | SC0P.DE vs P500.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.35 | 0.32 | 0.44 | 76 | S&P 500 | SC0P.DE vs D500.DE | |
| Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.43 | 0.42 | 0.54 | 91 | Global Equities, ESG | SC0P.DE vs IQSA.DE |
See all 7 diversifiers for SC0P.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SC0P.DE
Add SC0P.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SC0P.DE