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
3 ETFs have low correlation with ZPDK.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Telecoms Sector UCITS ETF (SC0Q.DE) (Communications Equities) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Telecoms Sector UCITS ETF | 0.08 | 0.16 | 0.29 | 60 | Communications Equities | ZPDK.DE vs SC0Q.DE | |
| SPDR MSCI Emerging Markets UCITS ETF | 0.28 | 0.38 | 0.45 | 85 | Emerging Markets Equities | ZPDK.DE vs SPYM.DE | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.30 | 0.44 | 0.54 | 74 | Small Cap Value Equities | ZPDK.DE vs ZPRV.DE | |
| SPDR MSCI ACWI IMI UCITS ETF | 0.51 | 0.65 | 0.73 | 79 | Global Equities | ZPDK.DE vs SPYI.DE | |
| SPDR MSCI ACWI UCITS ETF | 0.53 | 0.67 | 0.74 | 77 | Global Equities | ZPDK.DE vs SPYY.DE |
See all 9 diversifiers for ZPDK.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ZPDK.DE
Add ZPDK.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZPDK.DE