Looking to diversify beyond EL4C.DE? The ETFs below have the lowest correlation with EL4C.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 EL4C.DE.
Best Diversifiers for EL4C.DE
1 ETFs have low correlation with EL4C.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) (Europe Equities) with a 1Y correlation of 0.28, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.28 | 0.42 | 0.48 | 55 | Europe Equities | EL4C.DE vs ELFC.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.35 | 0.41 | 0.47 | 63 | Europe Equities | EL4C.DE vs FLXD.DE | |
| Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D | 0.39 | 0.50 | 0.54 | 54 | Europe Equities | EL4C.DE vs DXSA.DE | |
| WisdomTree Europe Equity Income UCITS ETF | 0.41 | 0.50 | 0.47 | 74 | Europe Equities | EL4C.DE vs WTEE.DE | |
| iShares EURO STOXX Select Dividend 30 UCITS ETF (D... | 0.44 | 0.49 | 0.52 | 53 | Europe Equities | EL4C.DE vs EXSG.DE |
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