Looking to diversify beyond ELFW.DE? The ETFs below have the lowest correlation with ELFW.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 ELFW.DE.
Best Diversifiers for ELFW.DE
0 ETFs have low correlation with ELFW.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 0.31, down from 0.53 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 | 0.31 | 0.38 | 0.53 | 55 | Europe Equities | ELFW.DE vs ELFC.DE | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.46 | 0.55 | 0.64 | 88 | Global Equities, Dividend | ELFW.DE vs VDIV.DE | |
| Deka EURO STOXX Select Dividend 30 UCITS ETF | 0.54 | 0.47 | 0.57 | 53 | Europe Equities | ELFW.DE vs EL4G.DE | |
| Deka Future Energy ESG UCITS ETF | 0.60 | 0.54 | — | 94 | Energy Equities | ELFW.DE vs D6RD.DE | |
| Invesco Global Buyback Achievers UCITS ETF | 0.67 | 0.72 | 0.76 | 66 | Global Equities | ELFW.DE vs BBCK.DE |
See all 27 diversifiers for ELFW.DE
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