Looking to diversify beyond XMLD.DE? The ETFs below have the lowest correlation with XMLD.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 XMLD.DE.
Best Diversifiers for XMLD.DE
5 ETFs have low correlation with XMLD.DE (below 0.3), 4 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (ETLF.DE) (Commodities) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.03 | 0.08 | 0.08 | 58 | Commodities | XMLD.DE vs ETLF.DE | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.03 | 0.08 | 0.07 | 52 | Commodities | XMLD.DE vs EN4C.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -0.01 | -0.08 | -0.01 | 99 | Bank Loan | XMLD.DE vs XEON.DE | |
| L&G Longer Dated All Commodities UCITS ETF | -0.01 | 0.10 | 0.09 | 57 | Commodities | XMLD.DE vs ETL2.DE | |
| L&G New Energy Commodities UCITS ETF USD Accumulat... | 0.11 | — | — | 72 | Commodities | XMLD.DE vs ENTR.DE |
See all 47 diversifiers for XMLD.DE
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