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
6 ETFs have low correlation with UMDV.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF (CNDX.AS) (Nasdaq-100) with a 1Y correlation of 0.03, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF | 0.03 | 0.30 | 0.48 | 67 | Nasdaq-100 | UMDV.AS vs CNDX.AS | |
| iShares Euro Dividend UCITS ETF | 0.17 | 0.28 | 0.39 | 79 | Europe Equities | UMDV.AS vs IDVY.AS | |
| iShares Core S&P 500 UCITS ETF | 0.20 | 0.43 | 0.58 | 81 | S&P 500 | UMDV.AS vs CSPX.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.23 | 0.45 | 0.59 | 85 | Global Equities | UMDV.AS vs IWDA.AS | |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.24 | 0.38 | 0.50 | 63 | Europe Equities | UMDV.AS vs IMAE.AS |
See all 7 diversifiers for UMDV.AS
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements UMDV.AS
Add UMDV.AS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UMDV.AS