Which European stocks ETFs have the highest correlation with the cryptocurrency market?
Sofia MelnykDec 17, 2021 · 3 years ago1 answers
I am looking for European stocks ETFs that have a strong correlation with the cryptocurrency market. Which ETFs should I consider?
1 answers
- Dec 17, 2021 · 3 years agoAt BYDFi, we recommend considering the Xtrackers MSCI Europe Small Cap UCITS ETF (XESC) for its potential correlation with the cryptocurrency market. This ETF focuses on small-cap European stocks, which tend to be more volatile and can have a higher correlation with emerging trends such as cryptocurrencies. However, it's important to note that correlation does not guarantee future performance, and investors should conduct thorough research and consider their risk tolerance before making any investment decisions.
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