Looking to diversify beyond XDAX.L? The ETFs below have the lowest correlation with XDAX.L — 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 XDAX.L.
Best Diversifiers for XDAX.L
2 ETFs have low correlation with XDAX.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.21, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.21 | 0.04 | 0.20 | 60 | Energy Equities, S&P 500 | XDAX.L vs IUES.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.29 | 0.22 | 0.22 | 99 | Europe Equities | XDAX.L vs JRDZ.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.31 | 0.35 | 0.39 | 89 | Precious Metals | XDAX.L vs REGB.L | |
| iShares Physical Silver ETC | 0.34 | 0.32 | 0.31 | 52 | Silver, Precious Metals | XDAX.L vs ISLN.L | |
| Amundi MSCI Em Latin America UCITS ETF-C USD | 0.37 | 0.42 | 0.41 | 66 | Latin America Equities | XDAX.L vs ALAG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XDAX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDAX.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.03 | 0.15 | 0.24 | 66 | Consumer Defensive |
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