Looking to diversify beyond X710.DE? The ETFs below have the lowest correlation with X710.DE — 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 X710.DE.
Best Diversifiers for X710.DE
5 ETFs have low correlation with X710.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) (Bank Loan) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.03 | 0.02 | 0.03 | 99 | Bank Loan | X710.DE vs XEON.DE | |
| Xtrackers MSCI World Information Technology UCITS ... | 0.15 | 0.05 | 0.07 | 64 | Technology Equities | X710.DE vs XDWT.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.17 | 0.22 | 0.29 | 95 | European Government Bonds | X710.DE vs PRAB.DE | |
| Xtrackers Nasdaq 100 UCITS ETF 1C | 0.18 | 0.08 | 0.09 | 71 | Nasdaq-100 | X710.DE vs XNAS.DE | |
| Xtrackers Artificial Intelligence & Big Data UCITS... | 0.20 | 0.10 | 0.09 | 86 | Technology Equities | X710.DE vs XAIX.DE |
See all 7 diversifiers for X710.DE
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