Looking to diversify beyond EL4M.DE? The ETFs below have the lowest correlation with EL4M.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 EL4M.DE.
Best Diversifiers for EL4M.DE
7 ETFs have low correlation with EL4M.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 0.18, roughly unchanged from 0.08 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 | 0.18 | 0.13 | 0.08 | 55 | Europe Equities | EL4M.DE vs ELFC.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.18 | 0.23 | 0.31 | 95 | European Government Bonds | EL4M.DE vs PRAB.DE | |
| Deka Future Energy ESG UCITS ETF | 0.18 | 0.18 | — | 94 | Energy Equities | EL4M.DE vs D6RD.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.18 | 0.06 | 0.05 | 61 | Large Cap Blend Equities | EL4M.DE vs D6RQ.DE | |
| Deka EURO STOXX Select Dividend 30 UCITS ETF | 0.22 | 0.12 | 0.08 | 53 | Europe Equities | EL4M.DE vs EL4G.DE |
See all 7 diversifiers for EL4M.DE
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