Looking to diversify beyond ELLE.L? The ETFs below have the lowest correlation with ELLE.L — 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 ELLE.L.
Best Diversifiers for ELLE.L
1 ETFs have low correlation with ELLE.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.05 | -0.02 | -0.00 | 99 | Money Market | ELLE.L vs CSH2.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.32 | 0.25 | 0.23 | 65 | Alternative Energy Equities, Global Equities | ELLE.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | 0.37 | 0.25 | 0.22 | 95 | Alternative Energy Equities, Global Equities | ELLE.L vs BATG.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.46 | 0.26 | 0.23 | 82 | S&P 500 | ELLE.L vs 500G.L | |
| Amundi Nasdaq-100 UCITS USD | 0.49 | 0.29 | 0.28 | 76 | Nasdaq-100 | ELLE.L vs ANXU.L |
See all 26 diversifiers for ELLE.L
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