Looking to diversify beyond SXR8.DE? The ETFs below have the lowest correlation with SXR8.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 SXR8.DE.
Best Diversifiers for SXR8.DE
19 ETFs have low correlation with SXR8.DE (below 0.3), 6 of which are negatively correlated. The least correlated is iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Euro Ultrashort Bond UCITS ETF EUR Accumul... | -0.06 | -0.04 | — | 94 | Ultrashort Bond | SXR8.DE vs ERNX.DE | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.05 | 0.15 | 0.24 | 74 | Energy Equities | SXR8.DE vs ESIE.DE | |
| iShares € Cash UCITS ETF EUR Acc | -0.02 | — | — | 100 | Money Market | SXR8.DE vs YCSH.DE | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.01 | 0.23 | 0.31 | 51 | Energy Equities | SXR8.DE vs ZPDE.DE | |
| iShares Diversified Commodity Swap UCITS ETF | -0.01 | 0.15 | 0.18 | 59 | Commodities | SXR8.DE vs SXRS.DE |
See all 206 diversifiers for SXR8.DE
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