Looking to diversify beyond XBAK.DE? The ETFs below have the lowest correlation with XBAK.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 XBAK.DE.
Best Diversifiers for XBAK.DE
23 ETFs have low correlation with XBAK.DE (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) (Emerging Markets Equities) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco FTSE Emerging Markets High Dividend Low Vo... | -0.01 | 0.15 | 0.14 | 69 | Emerging Markets Equities | XBAK.DE vs EHDL.DE | |
| iShares Emerging Markets Dividend UCITS ETF | 0.00 | 0.13 | 0.14 | 69 | Emerging Markets Equities | XBAK.DE vs EUNY.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.02 | 0.03 | 0.05 | 99 | Bank Loan | XBAK.DE vs XEON.DE | |
| Xtrackers MSCI World Health Care UCITS ETF 1C | 0.07 | 0.09 | 0.09 | 53 | Health & Biotech Equities | XBAK.DE vs XDWH.DE | |
| WisdomTree Emerging Markets Equity Income UCITS ET... | 0.10 | 0.15 | 0.15 | 83 | Emerging Markets Equities | XBAK.DE vs WTD8.DE |
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