Looking to balance out your exposure to SGL.DE? The ETFs below have the lowest correlation with SGL.DE — they tend to move on their own, which can help reduce risk when SGL.DE drops. The stock ideas table highlights individual companies that behave independently from SGL.DE.
Best Diversifiers for SGL.DE
2 ETFs have low correlation with SGL.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) (S&P 500) with a 1Y correlation of 0.24, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.24 | 0.28 | 0.36 | 55 | S&P 500 | SGL.DE vs XDEW.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.29 | 0.27 | 0.35 | 69 | S&P 500 | SGL.DE vs SXR8.DE | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.33 | 0.37 | 0.38 | 82 | Emerging Markets Equities | SGL.DE vs IS3N.DE |
Diversification Analysis
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