Looking to diversify beyond SMLD.DE? The ETFs below have the lowest correlation with SMLD.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 SMLD.DE.
Best Diversifiers for SMLD.DE
60 ETFs have low correlation with SMLD.DE (below 0.3), 27 of which are negatively correlated. The least correlated is Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) (Gold) with a 1Y correlation of -0.21, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Physical Gold (EUR Hedged) ETC | -0.21 | -0.12 | -0.09 | 50 | Gold, Precious Metals | SMLD.DE vs 8PSE.DE | |
| Invesco EURO STOXX Optimised Banks UCITS ETF | -0.14 | 0.06 | 0.19 | 68 | Financials Equities | SMLD.DE vs S7XE.DE | |
| Invesco European Basic Resources Sector UCITS ETF | -0.14 | 0.11 | 0.28 | 86 | Industrials Equities | SMLD.DE vs SC0W.DE | |
| Invesco European Banks Sector UCITS ETF | -0.11 | 0.08 | 0.21 | 74 | Financials Equities | SMLD.DE vs SC0U.DE | |
| Invesco S&P 500 UCITS ETF (EUR Hdg) | -0.11 | 0.13 | 0.25 | 51 | S&P 500 | SMLD.DE vs E500.DE |
See all 71 diversifiers for SMLD.DE
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