Looking to diversify beyond USHY.MI? The ETFs below have the lowest correlation with USHY.MI — 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 USHY.MI.
Best Diversifiers for USHY.MI
2 ETFs have low correlation with USHY.MI (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI Europe II UCITS ETF (MEU.MI) (Europe Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Europe II UCITS ETF | 0.09 | 0.13 | 0.13 | 59 | Europe Equities | USHY.MI vs MEU.MI | |
| Amundi MSCI World Swap II UCITS ETF Dist | 0.27 | — | — | 85 | Global Equities | USHY.MI vs WLD.MI |
Diversification Analysis
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