Looking to diversify beyond EL4G.DE? The ETFs below have the lowest correlation with EL4G.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 EL4G.DE.
Best Diversifiers for EL4G.DE
1 ETFs have low correlation with EL4G.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 0.13, up from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Deutsche Börse EUROGOV Germany Money Market U... | 0.13 | 0.02 | -0.01 | 97 | Money Market | EL4G.DE vs EL4W.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.30 | 0.27 | 0.40 | 63 | Large Cap Blend Equities | EL4G.DE vs D6RQ.DE | |
| Deka Future Energy ESG UCITS ETF | 0.36 | 0.44 | — | 79 | Energy Equities | EL4G.DE vs D6RD.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.43 | 0.38 | 0.50 | 66 | Global Equities | EL4G.DE vs D6RP.DE | |
| Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 0.48 | 0.41 | 0.41 | 65 | Japan Equities, ESG | EL4G.DE vs EL45.DE |
See all 38 diversifiers for EL4G.DE
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