Looking to balance out your exposure to UMG.AS? The ETFs below have historically moved differently from UMG.AS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UMG.AS
1 ETFs have low correlation with UMG.AS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 UCITS ETF (VUSA.AS) (S&P 500) with a 1Y correlation of 0.21, roughly unchanged from 0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 UCITS ETF | 0.21 | 0.20 | — | 64 | S&P 500 | UMG.AS vs VUSA.AS |
Diversification Analysis
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