Looking to diversify beyond E61Z.DE? The ETFs below have the lowest correlation with E61Z.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 E61Z.DE.
Best Diversifiers for E61Z.DE
1 ETFs have low correlation with E61Z.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Wind Energy UCITS ETF USD Accumulating (WNDY.DE) (Energy Equities) with a 1Y correlation of 0.29, down from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Wind Energy UCITS ETF USD Accumulating | 0.29 | 0.42 | — | 67 | Energy Equities | E61Z.DE vs WNDY.DE | |
| Global X Nasdaq 100 Covered Call UCITS ETF D | 0.35 | 0.42 | — | 57 | Nasdaq-100, Options Trading | E61Z.DE vs QYLE.DE | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.46 | 0.54 | — | 78 | Dividend | E61Z.DE vs UDIV.DE | |
| Global X Autonomous & Electric Vehicles UCITS ETF ... | 0.56 | 0.67 | — | 93 | Technology Equities | E61Z.DE vs DR7E.DE |
Diversification Analysis
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