Looking to diversify beyond EL4S.DE? The ETFs below have the lowest correlation with EL4S.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 EL4S.DE.
Best Diversifiers for EL4S.DE
7 ETFs have low correlation with EL4S.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 0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.08 | 0.00 | -0.00 | 61 | Large Cap Blend Equities | EL4S.DE vs D6RQ.DE | |
| Deka Future Energy ESG UCITS ETF | 0.10 | 0.10 | — | 94 | Energy Equities | EL4S.DE vs D6RD.DE | |
| Deka MSCI World UCITS ETF Dist | 0.13 | 0.04 | 0.01 | 68 | Global Equities | EL4S.DE vs ELFW.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.14 | 0.04 | 0.02 | 58 | Global Equities | EL4S.DE vs D6RP.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.15 | 0.06 | 0.00 | 55 | Europe Equities | EL4S.DE vs ELFC.DE |
See all 7 diversifiers for EL4S.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EL4S.DE
Add EL4S.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EL4S.DE