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 Future Energy ESG UCITS ETF (D6RD.DE) (Energy Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka Future Energy ESG UCITS ETF | 0.45 | 0.48 | 0.50 | 79 | Energy Equities | ELFA.DE vs D6RD.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.47 | 0.59 | 0.69 | 60 | Europe Equities | ELFA.DE vs ELFC.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.49 | 0.54 | 0.64 | 87 | Europe Equities | ELFA.DE vs FLXD.DE | |
| Amundi MSCI Europe High Dividend Factor UCITS ETF ... | 0.51 | 0.62 | 0.68 | 73 | Europe Equities | ELFA.DE vs EHF1.DE | |
| Ossiam Shiller Barclays CAPE® Europe Sector Value ... | 0.53 | 0.67 | 0.76 | 92 | Europe Equities | ELFA.DE vs EUPE.DE |
See all 31 diversifiers for ELFA.DE
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