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
6 ETFs have low correlation with XMLD.DE (below 0.3), 4 of which are negatively correlated. The least correlated is Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.DE) (Utilities Equities) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Utilities UCITS ETF 1C | -0.03 | 0.07 | 0.12 | 57 | Utilities Equities | XMLD.DE vs XDWU.DE | |
| L&G All Commodities UCITS ETF | -0.02 | 0.08 | 0.08 | 60 | Commodities | XMLD.DE vs ETLF.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | -0.01 | -0.07 | -0.00 | 99 | Money Market | XMLD.DE vs XEON.DE | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.00 | 0.09 | 0.08 | 52 | Commodities | XMLD.DE vs EN4C.DE | |
| L&G Longer Dated All Commodities UCITS ETF | 0.01 | 0.10 | 0.10 | 63 | Commodities | XMLD.DE vs ETL2.DE |
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