Looking to diversify beyond ZPR6.DE? The ETFs below have the lowest correlation with ZPR6.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 ZPR6.DE.
Best Diversifiers for ZPR6.DE
18 ETFs have low correlation with ZPR6.DE (below 0.3), 4 of which are negatively correlated. The least correlated is Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) (Emerging Markets Bonds) with a 1Y correlation of -0.27, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers II Harvest China Government Bond UCITS E... | -0.27 | -0.27 | -0.22 | 78 | Emerging Markets Bonds | ZPR6.DE vs CGB.DE | |
| iShares China CNY Bond UCITS ETF USD (Dist) | -0.24 | -0.25 | -0.20 | 70 | Emerging Markets Bonds | ZPR6.DE vs ICGB.DE | |
| iShares J.P. Morgan $ EM Corp Bond UCITS ETF USD (... | -0.09 | 0.01 | 0.02 | 62 | Emerging Markets Bonds | ZPR6.DE vs IS0Q.DE | |
| L&G ESG Emerging Markets Government Bond (USD) 0-5... | -0.01 | 0.02 | 0.08 | 53 | Emerging Markets Bonds | ZPR6.DE vs EMA5.DE | |
| Xtrackers ESG USD Emerging Markets Bond Quality We... | 0.12 | 0.35 | 0.39 | 54 | Emerging Markets Bonds | ZPR6.DE vs XQUA.DE |
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