Looking to balance out your exposure to EL.PA? The ETFs below have the lowest correlation with EL.PA — they tend to move on their own, which can help reduce risk when EL.PA drops. The stock ideas table highlights individual companies that behave independently from EL.PA.
Best Diversifiers for EL.PA
0 ETFs have low correlation with EL.PA (below 0.3), 0 of which are negatively correlated. The least correlated is BNP Paribas Easy S&P 500 UCITS ETF (ESE.PA) (S&P 500) with a 1Y correlation of 0.30, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNP Paribas Easy S&P 500 UCITS ETF | 0.30 | 0.33 | 0.42 | 69 | S&P 500 | EL.PA vs ESE.PA | |
| iShares MSCI World Swap PEA UCITS ETF | 0.38 | — | — | 70 | Global Equities | EL.PA vs WPEA.PA |
Diversification Analysis
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