Looking to diversify beyond ZPDX.DE? The ETFs below have the lowest correlation with ZPDX.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 ZPDX.DE.
Best Diversifiers for ZPDX.DE
1 ETFs have low correlation with ZPDX.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 0.04, 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 | 0.04 | -0.01 | 0.01 | 99 | Bank Loan | ZPDX.DE vs XEON.DE | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.31 | 0.37 | — | 87 | Commodity Producers Equities | ZPDX.DE vs VVMX.DE | |
| iShares Edge MSCI EM Value Factor UCITS ETF USD(Ac... | 0.49 | 0.51 | 0.52 | 95 | Emerging Markets Equities | ZPDX.DE vs 5MVL.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.50 | 0.51 | 0.54 | 55 | Europe Equities | ZPDX.DE vs IBCJ.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.52 | 0.61 | 0.70 | 55 | Europe Equities | ZPDX.DE vs ELFC.DE |
See all 26 diversifiers for ZPDX.DE
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