Looking to diversify beyond ZPDK.DE? The ETFs below have the lowest correlation with ZPDK.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 ZPDK.DE.
Best Diversifiers for ZPDK.DE
2 ETFs have low correlation with ZPDK.DE (below 0.3), 0 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 0.18, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Emerging Markets UCITS ETF | 0.18 | 0.34 | 0.42 | 66 | Emerging Markets Equities | ZPDK.DE vs SPYM.DE | |
| SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist... | 0.21 | 0.25 | 0.39 | 50 | Europe Equities | ZPDK.DE vs SPYW.DE | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.31 | 0.44 | 0.54 | 90 | Small Cap Value Equities | ZPDK.DE vs ZPRV.DE | |
| SPDR MSCI ACWI IMI UCITS ETF | 0.44 | 0.61 | 0.71 | 83 | Global Equities | ZPDK.DE vs SPYI.DE | |
| State Street SPDR MSCI All Country World UCITS ETF... | 0.46 | 0.64 | 0.72 | 81 | Global Equities | ZPDK.DE vs SPYY.DE |
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