Looking to diversify beyond ZPDE.DE? The ETFs below have the lowest correlation with ZPDE.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 ZPDE.DE.
Best Diversifiers for ZPDE.DE
23 ETFs have low correlation with ZPDE.DE (below 0.3), 20 of which are negatively correlated. The least correlated is SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) (Emerging Markets Equities) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Emerging Markets UCITS ETF | -0.12 | 0.11 | 0.21 | 85 | Emerging Markets Equities | ZPDE.DE vs SPYM.DE | |
| Invesco Solar Energy UCITS ETF Acc | -0.12 | 0.10 | — | 87 | Energy Equities | ZPDE.DE vs S0LR.DE | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.10 | 0.06 | 0.13 | 65 | Technology Equities, S&P 500 | ZPDE.DE vs QDVE.DE | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | -0.09 | 0.11 | 0.18 | 89 | Energy Equities | ZPDE.DE vs IQQH.DE | |
| WisdomTree Renewable Energy UCITS ETF USD Unhedged... | -0.09 | — | — | 91 | Energy Equities | ZPDE.DE vs WRNW.DE |
See all 37 diversifiers for ZPDE.DE
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