Looking to diversify beyond EL43.DE? The ETFs below have the lowest correlation with EL43.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 EL43.DE.
Best Diversifiers for EL43.DE
0 ETFs have low correlation with EL43.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka MSCI USA Climate Change ESG UCITS ETF (D6RQ.DE) (Large Cap Blend Equities) with a 1Y correlation of 0.49, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.49 | 0.44 | 0.53 | 61 | Large Cap Blend Equities | EL43.DE vs D6RQ.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.53 | 0.48 | 0.50 | 55 | Europe Equities | EL43.DE vs IBCJ.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.58 | 0.62 | 0.67 | 55 | Europe Equities | EL43.DE vs ELFC.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.62 | 0.54 | 0.61 | 58 | Global Equities | EL43.DE vs D6RP.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.64 | 0.58 | 0.64 | 63 | Europe Equities | EL43.DE vs FLXD.DE |
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