Looking to diversify beyond UMDV.AS? The ETFs below have the lowest correlation with UMDV.AS — 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 UMDV.AS.
Best Diversifiers for UMDV.AS
5 ETFs have low correlation with UMDV.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) (Technology Equities) with a 1Y correlation of 0.17, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Information Technology Sector E... | 0.17 | 0.36 | 0.51 | 66 | Technology Equities | UMDV.AS vs WITS.AS | |
| iShares NASDAQ 100 UCITS ETF | 0.18 | 0.37 | 0.52 | 71 | Nasdaq-100 | UMDV.AS vs CNDX.AS | |
| iShares Euro Dividend UCITS ETF | 0.23 | 0.30 | 0.41 | 52 | Europe Equities | UMDV.AS vs IDVY.AS | |
| iShares Core S&P 500 UCITS ETF | 0.27 | 0.47 | 0.60 | 70 | S&P 500 | UMDV.AS vs CSPX.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.30 | 0.49 | 0.61 | 71 | Global Equities | UMDV.AS vs IWDA.AS |
See all 6 diversifiers for UMDV.AS
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