Looking to diversify beyond SMLP.DE? The ETFs below have the lowest correlation with SMLP.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 SMLP.DE.
Best Diversifiers for SMLP.DE
24 ETFs have low correlation with SMLP.DE (below 0.3), 7 of which are negatively correlated. The least correlated is Invesco FTSE All-World UCITS ETF (FWEA.DE) (Global Equities) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco FTSE All-World UCITS ETF | -0.09 | 0.14 | 0.14 | 72 | Global Equities | SMLP.DE vs FWEA.DE | |
| Invesco Solar Energy UCITS ETF Acc | -0.07 | 0.11 | — | 87 | Energy Equities | SMLP.DE vs S0LR.DE | |
| WisdomTree Renewable Energy UCITS ETF USD Unhedged... | -0.06 | — | — | 91 | Energy Equities | SMLP.DE vs WRNW.DE | |
| Xtrackers MSCI Global SDG 7 Affordable and Clean E... | -0.03 | 0.15 | — | 76 | Energy Equities | SMLP.DE vs XDG7.DE | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | -0.02 | 0.14 | 0.23 | 89 | Energy Equities | SMLP.DE vs IQQH.DE |
See all 39 diversifiers for SMLP.DE
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