Looking to diversify beyond SPYM.DE? The ETFs below have the lowest correlation with SPYM.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 SPYM.DE.
Best Diversifiers for SPYM.DE
3 ETFs have low correlation with SPYM.DE (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) (Energy Equities) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P US Energy Select Sector UCITS ETF | -0.12 | 0.11 | 0.20 | 51 | Energy Equities | SPYM.DE vs ZPDE.DE | |
| SPDR MSCI Europe Energy UCITS ETF | -0.11 | 0.18 | 0.26 | 75 | Energy Equities | SPYM.DE vs SPYN.DE | |
| SPDR MSCI Europe Utilities UCITS ETF | 0.13 | 0.15 | 0.21 | 57 | Utilities Equities | SPYM.DE vs SPYU.DE | |
| SPDR FTSE UK All Share UCITS ETF | 0.41 | 0.48 | 0.51 | 53 | Europe Equities | SPYM.DE vs ZPRD.DE | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.47 | 0.47 | 0.49 | 74 | Small Cap Value Equities | SPYM.DE vs ZPRV.DE |
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Diversification Analysis
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