Looking to diversify beyond EL42.DE? The ETFs below have the lowest correlation with EL42.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 EL42.DE.
Best Diversifiers for EL42.DE
0 ETFs have low correlation with EL42.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka Future Energy ESG UCITS ETF (D6RD.DE) (Energy Equities) with a 1Y correlation of 0.50, roughly unchanged from 0.53 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Future Energy ESG UCITS ETF | 0.50 | 0.53 | — | 94 | Energy Equities | EL42.DE vs D6RD.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.54 | 0.51 | 0.60 | 61 | Large Cap Blend Equities | EL42.DE vs D6RQ.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.56 | 0.55 | 0.58 | 55 | Europe Equities | EL42.DE vs IBCJ.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.57 | 0.68 | 0.76 | 55 | Europe Equities | EL42.DE vs ELFC.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.65 | 0.69 | 0.76 | 63 | Europe Equities | EL42.DE vs FLXD.DE |
See all 22 diversifiers for EL42.DE
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