Looking to diversify beyond ETLX.DE? The ETFs below have historically moved differently from ETLX.DE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ETLX.DE
9 ETFs have low correlation with ETLX.DE (below 0.3), 1 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 -0.07, down from 0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.07 | 0.09 | — | 50 | Commodities | ETLX.DE vs EN4C.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.01 | 0.04 | 0.04 | 99 | Money Market | ETLX.DE vs XEON.DE | |
| L&G All Commodities UCITS ETF | 0.01 | 0.16 | 0.21 | 64 | Commodities | ETLX.DE vs ETLF.DE | |
| L&G Longer Dated All Commodities UCITS ETF | 0.06 | 0.20 | 0.24 | 69 | Commodities | ETLX.DE vs ETL2.DE | |
| L&G Cyber Security UCITS ETF | 0.07 | 0.11 | 0.14 | 66 | Technology Equities | ETLX.DE vs USPY.DE |
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