Looking to diversify beyond XNKY.DE? The ETFs below have the lowest correlation with XNKY.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 XNKY.DE.
Best Diversifiers for XNKY.DE
1 ETFs have low correlation with XNKY.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 0.11, roughly unchanged from 0.01 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 | 0.11 | 0.01 | 0.01 | 99 | Bank Loan | XNKY.DE vs XEON.DE | |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.60 | 0.57 | 0.57 | 59 | Europe Equities | XNKY.DE vs EUNK.DE | |
| Xtrackers STOXX Europe 600 UCITS ETF | 0.60 | 0.57 | 0.58 | 57 | Europe Equities | XNKY.DE vs XSX6.DE | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.62 | 0.63 | 0.63 | 82 | Global Equities | XNKY.DE vs EUNL.DE | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.62 | 0.63 | 0.64 | 77 | Global Equities | XNKY.DE vs XDEQ.DE |
See all 51 diversifiers for XNKY.DE
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