Looking to diversify beyond EL4N.DE? The ETFs below have the lowest correlation with EL4N.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 EL4N.DE.
Best Diversifiers for EL4N.DE
7 ETFs have low correlation with EL4N.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 0.17, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.17 | 0.09 | 0.07 | 61 | Large Cap Blend Equities | EL4N.DE vs D6RQ.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.17 | 0.21 | 0.29 | 95 | European Government Bonds | EL4N.DE vs PRAB.DE | |
| Deka Future Energy ESG UCITS ETF | 0.17 | 0.19 | — | 94 | Energy Equities | EL4N.DE vs D6RD.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.20 | 0.16 | 0.10 | 55 | Europe Equities | EL4N.DE vs ELFC.DE | |
| Deka MSCI World UCITS ETF Dist | 0.24 | 0.15 | 0.10 | 68 | Global Equities | EL4N.DE vs ELFW.DE |
See all 7 diversifiers for EL4N.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EL4N.DE
Add EL4N.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EL4N.DE