Looking to diversify beyond EL4P.DE? The ETFs below have the lowest correlation with EL4P.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 EL4P.DE.
Best Diversifiers for EL4P.DE
6 ETFs have low correlation with EL4P.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 0.18, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.18 | 0.11 | 0.08 | 61 | Large Cap Blend Equities | EL4P.DE vs D6RQ.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.19 | 0.21 | 0.28 | 95 | European Government Bonds | EL4P.DE vs PRAB.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.24 | 0.17 | 0.11 | 55 | Europe Equities | EL4P.DE vs ELFC.DE | |
| Deka MSCI World UCITS ETF Dist | 0.27 | 0.17 | 0.11 | 68 | Global Equities | EL4P.DE vs ELFW.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.27 | 0.17 | 0.13 | 58 | Global Equities | EL4P.DE vs D6RP.DE |
See all 6 diversifiers for EL4P.DE
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