Looking to diversify beyond ETLQ.DE? The ETFs below have the lowest correlation with ETLQ.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 ETLQ.DE.
Best Diversifiers for ETLQ.DE
4 ETFs have low correlation with ETLQ.DE (below 0.3), 3 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (ETLF.DE) (Commodities) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.08 | 0.12 | 0.16 | 58 | Commodities | ETLQ.DE vs ETLF.DE | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.07 | 0.13 | — | 52 | Commodities | ETLQ.DE vs EN4C.DE | |
| L&G Longer Dated All Commodities UCITS ETF | -0.02 | 0.16 | 0.19 | 57 | Commodities | ETLQ.DE vs ETL2.DE | |
| L&G New Energy Commodities UCITS ETF USD Accumulat... | 0.12 | — | — | 72 | Commodities | ETLQ.DE vs ENTR.DE | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.47 | 0.55 | 0.64 | 88 | Global Equities, Dividend | ETLQ.DE vs VDIV.DE |
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