Here are the correlations for all country ETFS in Q1 2010, covering the period January 4 to March 31. This is a our quarterly update on correlations (we also do monthly updates).
You can track live all global ETFS here.
(please click to enlarge)
To diversify, I stay away from the greens and reds.
There are very few uncorrelated countries (in bold):
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Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.
Computed with StraddlesCalc Tool