Looking to diversify beyond ELFA.DE? The ETFs below have the lowest correlation with ELFA.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 ELFA.DE.
Best Diversifiers for ELFA.DE
0 ETFs have low correlation with ELFA.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF (ELFC.DE) (Europe Equities) with a 1Y correlation of 0.48, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.48 | 0.60 | 0.69 | 55 | Europe Equities | ELFA.DE vs ELFC.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.52 | 0.55 | 0.65 | 63 | Europe Equities | ELFA.DE vs FLXD.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.55 | 0.55 | 0.57 | 55 | Europe Equities | ELFA.DE vs IBCJ.DE | |
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.58 | 0.53 | 0.61 | 61 | Large Cap Blend Equities | ELFA.DE vs D6RQ.DE | |
| Ossiam Shiller Barclays CAPE® Europe Sector Value ... | 0.59 | 0.69 | 0.77 | 69 | Europe Equities | ELFA.DE vs EUPE.DE |
See all 13 diversifiers for ELFA.DE
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