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
4 ETFs have low correlation with ELFW.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Infrastructure UCITS ETF (IQQI.DE) (Global Equities) with a 1Y correlation of 0.13, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Infrastructure UCITS ETF | 0.13 | 0.33 | 0.47 | 74 | Global Equities | ELFW.DE vs IQQI.DE | |
| Deka Deutsche Börse EUROGOV Germany Money Market U... | 0.13 | 0.08 | 0.04 | 97 | Money Market | ELFW.DE vs EL4W.DE | |
| iShares Global Infrastructure UCITS ETF USD (Acc) | 0.15 | 0.34 | — | 76 | Utilities Equities, Global Equities | ELFW.DE vs CBUX.DE | |
| Deka Euro iSTOXX ex Fin Dividend Plus UCITS ETF | 0.29 | 0.37 | 0.52 | 60 | Europe Equities | ELFW.DE vs ELFC.DE | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.36 | 0.52 | 0.62 | 96 | Global Equities, Dividend | ELFW.DE vs VDIV.DE |
See all 32 diversifiers for ELFW.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ELFW.DE
Add ELFW.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ELFW.DE