Looking to diversify beyond EL4X.DE? The ETFs below have the lowest correlation with EL4X.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 EL4X.DE.
Best Diversifiers for EL4X.DE
0 ETFs have low correlation with EL4X.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 0.39, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.39 | 0.37 | 0.47 | 61 | Large Cap Blend Equities | EL4X.DE vs D6RQ.DE | |
| Deka Future Energy ESG UCITS ETF | 0.44 | 0.50 | — | 94 | Energy Equities | EL4X.DE vs D6RD.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.50 | 0.51 | 0.55 | 55 | Europe Equities | EL4X.DE vs IBCJ.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.52 | 0.47 | 0.56 | 58 | Global Equities | EL4X.DE vs D6RP.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.58 | 0.60 | 0.67 | 63 | Europe Equities | EL4X.DE vs FLXD.DE |
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