Looking to diversify beyond ELFC.DE? The ETFs below have the lowest correlation with ELFC.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 ELFC.DE.
Best Diversifiers for ELFC.DE
2 ETFs have low correlation with ELFC.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 0.15, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI USA Climate Change ESG UCITS ETF | 0.15 | 0.22 | 0.38 | 61 | Large Cap Blend Equities | ELFC.DE vs D6RQ.DE | |
| Deka MSCI World Climate Change ESG UCITS ETF | 0.26 | 0.31 | 0.47 | 58 | Global Equities | ELFC.DE vs D6RP.DE | |
| Deka MSCI World UCITS ETF Dist | 0.31 | 0.38 | 0.53 | 68 | Global Equities | ELFC.DE vs ELFW.DE | |
| Amundi MSCI World II UCITS ETF Dist | 0.32 | 0.39 | 0.53 | 70 | Global Equities | ELFC.DE vs LYYA.DE | |
| Deka Future Energy ESG UCITS ETF | 0.35 | 0.48 | — | 94 | Energy Equities | ELFC.DE vs D6RD.DE |
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