Looking to balance out your exposure to TLX.DE? The ETFs below have the lowest correlation with TLX.DE — they tend to move on their own, which can help reduce risk when TLX.DE drops. The stock ideas table highlights individual companies that behave independently from TLX.DE.
Best Diversifiers for TLX.DE
1 ETFs have low correlation with TLX.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) (Nasdaq-100) with a 1Y correlation of 0.19, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.19 | 0.18 | — | 71 | Nasdaq-100 | TLX.DE vs EQQB.DE |
Diversification Analysis
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