Looking to diversify beyond TDAX? The ETFs below have the lowest correlation with TDAX — 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 TDAX.
Best Diversifiers for TDAX
1 ETFs have low correlation with TDAX (below 0.3), 1 of which are negatively correlated. The least correlated is Leverage Shares 3x BP ETP GBX (3BP.L) (Leveraged Equities) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x BP ETP GBX | -0.26 | -0.26 | -0.26 | 58 | Leveraged Equities | TDAX vs 3BP.L | |
| Hamilton Enhanced Canadian Bank ETF | 0.49 | 0.49 | 0.49 | 96 | Leveraged Equities | TDAX vs HCAL.TO | |
| GraniteShares 2x Long VRT Daily ETF | 0.56 | — | — | 87 | Leveraged Equities | TDAX vs VRTL | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.64 | 0.64 | 0.64 | 56 | Preferred Stock/Convertible Bonds | TDAX vs PFFA | |
| Amplify CWP International Enhanced Dividend Income... | 0.67 | 0.67 | 0.67 | 67 | Derivative Income, Dividend, Foreign Large Cap Equities | TDAX vs IDVO |
See all 11 diversifiers for TDAX
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