Looking to diversify beyond EL4K.DE? The ETFs below have the lowest correlation with EL4K.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 EL4K.DE.
Best Diversifiers for EL4K.DE
6 ETFs have low correlation with EL4K.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Prime Euro Government Bonds 0-1Y UCITS ETF (PRAB.DE) (European Government Bonds) with a 1Y correlation of 0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.17 | 0.23 | 0.30 | 95 | European Government Bonds | EL4K.DE vs PRAB.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.21 | 0.16 | 0.10 | 55 | Europe Equities | EL4K.DE vs ELFC.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.21 | 0.08 | 0.07 | 61 | Large Cap Blend Equities | EL4K.DE vs D6RQ.DE | |
| Deka EURO STOXX Select Dividend 30 UCITS ETF | 0.26 | 0.14 | 0.10 | 53 | Europe Equities | EL4K.DE vs EL4G.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.28 | 0.14 | 0.11 | 58 | Global Equities | EL4K.DE vs D6RP.DE |
See all 6 diversifiers for EL4K.DE
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