Looking to diversify beyond EL4R.DE? The ETFs below have the lowest correlation with EL4R.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 EL4R.DE.
Best Diversifiers for EL4R.DE
6 ETFs have low correlation with EL4R.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 0.12, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.12 | 0.02 | 0.02 | 61 | Large Cap Blend Equities | EL4R.DE vs D6RQ.DE | |
| Amundi Prime Euro Government Bonds 0-1Y UCITS ETF | 0.16 | 0.20 | 0.28 | 95 | European Government Bonds | EL4R.DE vs PRAB.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.19 | 0.07 | 0.06 | 58 | Global Equities | EL4R.DE vs D6RP.DE | |
| Deka MSCI World UCITS ETF Dist | 0.19 | 0.08 | 0.04 | 68 | Global Equities | EL4R.DE vs ELFW.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.20 | 0.10 | 0.04 | 55 | Europe Equities | EL4R.DE vs ELFC.DE |
See all 6 diversifiers for EL4R.DE
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