Looking to balance out your exposure to TKA.DE? The ETFs below have the lowest correlation with TKA.DE — they tend to move on their own, which can help reduce risk when TKA.DE drops. The stock ideas table highlights individual companies that behave independently from TKA.DE.
Best Diversifiers for TKA.DE
0 ETFs have low correlation with TKA.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.DE) (Nasdaq-100) with a 1Y correlation of 0.34, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.34 | 0.23 | 0.32 | 71 | Nasdaq-100 | TKA.DE vs EQQQ.DE |
Diversification Analysis
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