Looking to diversify beyond SC0T.DE? The ETFs below have the lowest correlation with SC0T.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 SC0T.DE.
Best Diversifiers for SC0T.DE
7 ETFs have low correlation with SC0T.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 0.14, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.14 | 0.24 | — | 71 | Nasdaq-100 | SC0T.DE vs EQQB.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.14 | 0.24 | 0.36 | 71 | Nasdaq-100 | SC0T.DE vs EQQQ.DE | |
| Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.15 | 0.24 | 0.36 | 74 | Nasdaq-100 | SC0T.DE vs EQQX.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.26 | 0.34 | 0.43 | 70 | S&P 500 | SC0T.DE vs D500.DE | |
| Invesco MSCI USA UCITS ETF Dist | 0.26 | 0.34 | — | 67 | Large Cap Blend Equities | SC0T.DE vs 6PSE.DE |
See all 14 diversifiers for SC0T.DE
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