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
1 ETFs have low correlation with EL42.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka Deutsche Börse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) (Money Market) with a 1Y correlation of 0.19, up from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Deutsche Börse EUROGOV Germany Money Market U... | 0.19 | 0.09 | 0.03 | 97 | Money Market | EL42.DE vs EL4W.DE | |
| Deka Future Energy ESG UCITS ETF | 0.48 | 0.52 | — | 79 | Energy Equities | EL42.DE vs D6RD.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.50 | 0.50 | 0.59 | 63 | Large Cap Blend Equities | EL42.DE vs D6RQ.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.57 | 0.68 | 0.75 | 60 | Europe Equities | EL42.DE vs ELFC.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.58 | 0.56 | 0.58 | 64 | Europe Equities | EL42.DE vs IBCJ.DE |
See all 41 diversifiers for EL42.DE
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