Looking to diversify beyond WQDA.AS? The ETFs below have the lowest correlation with WQDA.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 WQDA.AS.
Best Diversifiers for WQDA.AS
0 ETFs have low correlation with WQDA.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 0.60, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF | 0.60 | 0.64 | 0.63 | 71 | Nasdaq-100 | WQDA.AS vs CNDX.AS | |
| iShares Core S&P 500 UCITS ETF | 0.67 | 0.68 | 0.69 | 70 | S&P 500 | WQDA.AS vs CSPX.AS | |
| iShares Euro Dividend UCITS ETF | 0.69 | 0.70 | 0.73 | 52 | Europe Equities | WQDA.AS vs IDVY.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.80 | 0.82 | 0.83 | 71 | Global Equities | WQDA.AS vs IWDA.AS | |
| iShares World Equity High Income UCITS ETF USD Inc | 0.85 | — | — | 75 | Global Equity Income | WQDA.AS vs WINC.AS |
Diversification Analysis
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