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
3 ETFs have low correlation with ELLE.L (below 0.3), 1 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.04 | -0.01 | 0.00 | 99 | Money Market | ELLE.L vs CSH2.L | |
| VanEck Semiconductor UCITS ETF | 0.28 | 0.41 | 0.56 | 95 | Semiconductors, Technology Equities, ESG, Global Equities | ELLE.L vs SMH.L | |
| L&G Battery Value-Chain UCITS ETF | 0.30 | 0.46 | 0.55 | 74 | Lithium & Battery Metals, Alternative Energy Equities, Global Equities | ELLE.L vs BATG.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.32 | 0.47 | 0.55 | 61 | Utilities Equities, Global Equities | ELLE.L vs INFR.L | |
| Amundi Nasdaq-100 UCITS USD | 0.42 | 0.52 | 0.65 | 61 | Nasdaq-100 | ELLE.L vs ANXU.L |
See all 28 diversifiers for ELLE.L
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