Looking to diversify beyond ETLS.DE? The ETFs below have the lowest correlation with ETLS.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 ETLS.DE.
Best Diversifiers for ETLS.DE
4 ETFs have low correlation with ETLS.DE (below 0.3), 2 of which are negatively correlated. The least correlated is L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) (Commodities) with a 1Y correlation of -0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.01 | 0.16 | 0.17 | 52 | Commodities | ETLS.DE vs EN4C.DE | |
| L&G All Commodities UCITS ETF | -0.00 | 0.15 | 0.17 | 58 | Commodities | ETLS.DE vs ETLF.DE | |
| L&G Longer Dated All Commodities UCITS ETF | 0.03 | 0.18 | 0.19 | 57 | Commodities | ETLS.DE vs ETL2.DE | |
| L&G New Energy Commodities UCITS ETF USD Accumulat... | 0.12 | — | — | 72 | Commodities | ETLS.DE vs ENTR.DE | |
| L&G Quality Equity Dividends ESG Exclusions Europe... | 0.45 | 0.41 | — | 69 | Europe Equities | ETLS.DE vs LGGE.DE |
See all 62 diversifiers for ETLS.DE
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