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
0 ETFs have low correlation with EL4G.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 0.35, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.35 | 0.28 | 0.41 | 61 | Large Cap Blend Equities | EL4G.DE vs D6RQ.DE | |
| Deka Future Energy ESG UCITS ETF | 0.38 | 0.46 | — | 94 | Energy Equities | EL4G.DE vs D6RD.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.49 | 0.39 | 0.50 | 58 | Global Equities | EL4G.DE vs D6RP.DE | |
| Ossiam Shiller Barclays CAPE® Europe Sector Value ... | 0.54 | 0.66 | 0.73 | 69 | Europe Equities | EL4G.DE vs EUPE.DE | |
| Deka MSCI World UCITS ETF Dist | 0.54 | 0.47 | 0.57 | 68 | Global Equities | EL4G.DE vs ELFW.DE |
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