Looking to diversify beyond ELFB.DE? The ETFs below have the lowest correlation with ELFB.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 ELFB.DE.
Best Diversifiers for ELFB.DE
0 ETFs have low correlation with ELFB.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 0.40, down from 0.67 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 | 0.40 | 0.55 | 0.67 | 55 | Europe Equities | ELFB.DE vs ELFC.DE | |
| Deka Future Energy ESG UCITS ETF | 0.46 | 0.48 | — | 94 | Energy Equities | ELFB.DE vs D6RD.DE | |
| Ossiam Shiller Barclays CAPE® Europe Sector Value ... | 0.49 | 0.60 | 0.70 | 69 | Europe Equities | ELFB.DE vs EUPE.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.52 | 0.53 | 0.63 | 63 | Europe Equities | ELFB.DE vs FLXD.DE | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.57 | 0.53 | 0.57 | 55 | Europe Equities | ELFB.DE vs IBCJ.DE |
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