Looking to diversify beyond SMLK.DE? The ETFs below have the lowest correlation with SMLK.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 SMLK.DE.
Best Diversifiers for SMLK.DE
0 ETFs have low correlation with SMLK.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) (Nasdaq-100) with a 1Y correlation of 0.52, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.52 | 0.50 | 0.58 | 71 | Nasdaq-100 | SMLK.DE vs EQQQ.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.52 | 0.50 | — | 71 | Nasdaq-100 | SMLK.DE vs EQQB.DE | |
| Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.53 | 0.50 | 0.58 | 74 | Nasdaq-100 | SMLK.DE vs EQQX.DE | |
| Invesco FTSE All-World UCITS ETF | 0.64 | — | — | 72 | Global Equities | SMLK.DE vs FWEA.DE | |
| Invesco S&P 500 Scored & Screened ETF Acc | 0.65 | 0.62 | 0.69 | 78 | S&P 500 | SMLK.DE vs 5ESG.DE |
See all 20 diversifiers for SMLK.DE
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