Looking to diversify beyond EL4Z.DE? The ETFs below have the lowest correlation with EL4Z.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 EL4Z.DE.
Best Diversifiers for EL4Z.DE
0 ETFs have low correlation with EL4Z.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) (Large Cap Blend Equities) with a 1Y correlation of 0.56, down from 0.89 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI USA Multifactor UCITS ETF | 0.56 | 0.84 | 0.89 | 72 | Large Cap Blend Equities | EL4Z.DE vs IBCY.DE | |
| Deka MSCI Emerging Markets UCITS ETF | 0.60 | 0.48 | 0.47 | 57 | Emerging Markets Equities | EL4Z.DE vs EL40.DE | |
| UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF ... | 0.71 | 0.81 | 0.88 | 66 | Large Cap Blend Equities | EL4Z.DE vs USUE.DE | |
| iShares MSCI USA SRI UCITS ETF USD Dist | 0.88 | 0.89 | 0.92 | 55 | Large Cap Blend Equities | EL4Z.DE vs 36B6.DE | |
| iShares MSCI USA SRI UCITS ETF USD (Acc) | 0.88 | 0.89 | 0.92 | 55 | Large Cap Blend Equities | EL4Z.DE vs QDVR.DE |
See all 20 diversifiers for EL4Z.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EL4Z.DE
Add EL4Z.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EL4Z.DE