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
51 ETFs have low correlation with SMLD.DE (below 0.3), 17 of which are negatively correlated. The least correlated is Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) (Industrials Equities) with a 1Y correlation of -0.13, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Basic Resources Sector UCITS ETF | -0.13 | 0.13 | 0.28 | 87 | Industrials Equities | SMLD.DE vs SC0W.DE | |
| Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | -0.13 | 0.05 | 0.14 | 66 | Nasdaq-100, Technology Equities | SMLD.DE vs EQEU.DE | |
| Invesco Physical Silver ETC | -0.11 | 0.05 | — | 52 | Silver, Precious Metals | SMLD.DE vs 8PSB.DE | |
| Invesco EUR AAA CLO UCITS ETF Dist | -0.10 | -0.09 | -0.09 | 96 | CLO | SMLD.DE vs CLOD.DE | |
| Invesco FTSE All-World UCITS ETF | -0.10 | — | — | 72 | Global Equities | SMLD.DE vs FWEA.DE |
See all 69 diversifiers for SMLD.DE
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