Looking to diversify beyond ELFE.DE? The ETFs below have the lowest correlation with ELFE.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 ELFE.DE.
Best Diversifiers for ELFE.DE
4 ETFs have low correlation with ELFE.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Deka MSCI Emerging Markets UCITS ETF (EL40.DE) (Emerging Markets Equities) with a 1Y correlation of 0.01, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Deka MSCI Emerging Markets UCITS ETF | 0.01 | -0.01 | -0.05 | 57 | Emerging Markets Equities | ELFE.DE vs EL40.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.18 | 0.19 | 0.05 | 69 | S&P 500 | ELFE.DE vs SXR8.DE | |
| Deka MSCI USA Large Cap UCITS ETF | 0.18 | 0.15 | 0.04 | 66 | Large Cap Blend Equities | ELFE.DE vs EL4I.DE | |
| Deka MSCI USA UCITS ETF | 0.19 | 0.17 | 0.05 | 65 | Large Cap Blend Equities | ELFE.DE vs EL4Z.DE |
Diversification Analysis
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