Looking to diversify beyond SXRM.DE? The ETFs below have the lowest correlation with SXRM.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 SXRM.DE.
Best Diversifiers for SXRM.DE
19 ETFs have low correlation with SXRM.DE (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) (Commodities) with a 1Y correlation of -0.21, roughly unchanged from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF (EUR Hedged)... | -0.21 | -0.15 | — | 63 | Commodities | SXRM.DE vs CMOE.DE | |
| iShares € Ultrashort Bond UCITS ETF | -0.02 | 0.05 | 0.07 | 93 | Ultrashort Bond | SXRM.DE vs IS3M.DE | |
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | 0.00 | 0.02 | — | 70 | Commodities | SXRM.DE vs XSVT.DE | |
| iShares NASDAQ 100 UCITS ETF | 0.01 | -0.02 | -0.10 | 66 | Nasdaq-100 | SXRM.DE vs NQSE.DE | |
| iShares MSCI Global Semiconductors UCITS ETF USD (... | 0.07 | 0.04 | -0.03 | 97 | Semiconductors, Technology Equities | SXRM.DE vs SEC0.DE |
See all 20 diversifiers for SXRM.DE
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