Looking to diversify beyond XZE5.DE? The ETFs below have the lowest correlation with XZE5.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 XZE5.DE.
Best Diversifiers for XZE5.DE
6 ETFs have low correlation with XZE5.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) (European Corporate Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares EUR Floating Rate Bond ESG UCITS ETF EUR (... | -0.03 | 0.03 | 0.03 | 80 | European Corporate Bonds | XZE5.DE vs EFRN.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.03 | 0.04 | 0.07 | 99 | Bank Loan | XZE5.DE vs XEON.DE | |
| iShares iBonds Dec 2026 Term EUR Corporate UCITS E... | 0.09 | — | — | 96 | European Corporate Bonds | XZE5.DE vs IB26.DE | |
| Amundi Euro Corporate 0-1Y ESG UCITS ETF | 0.28 | 0.20 | 0.25 | 98 | European Corporate Bonds | XZE5.DE vs ECR1.DE | |
| Amundi Euro Corporate 0-1Y ESG UCITS ETF Dist | 0.28 | 0.19 | 0.39 | 96 | European Corporate Bonds | XZE5.DE vs LCVB.DE |
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