Looking to diversify beyond EL40.DE? The ETFs below have the lowest correlation with EL40.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 EL40.DE.
Best Diversifiers for EL40.DE
0 ETFs have low correlation with EL40.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) (Emerging Markets Equities) with a 1Y correlation of 0.43, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 0.43 | 0.45 | 0.44 | 65 | Emerging Markets Equities | EL40.DE vs LEER.DE | |
| WisdomTree Emerging Markets SmallCap Dividend UCIT... | 0.53 | 0.60 | 0.62 | 50 | Emerging Markets Equities | EL40.DE vs WTED.DE | |
| Deka MSCI USA Large Cap UCITS ETF | 0.54 | 0.45 | 0.42 | 66 | Large Cap Blend Equities | EL40.DE vs EL4I.DE | |
| WisdomTree Emerging Markets Equity Income UCITS ET... | 0.60 | 0.67 | 0.67 | 72 | Emerging Markets Equities | EL40.DE vs WTEI.DE | |
| Deka MSCI USA UCITS ETF | 0.60 | 0.48 | 0.47 | 65 | Large Cap Blend Equities | EL40.DE vs EL4Z.DE |
See all 29 diversifiers for EL40.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EL40.DE
Add EL40.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EL40.DE