Looking to diversify beyond ETLX.DE? The ETFs below have the lowest correlation with ETLX.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 ETLX.DE.
Best Diversifiers for ETLX.DE
24 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 -0.08, down from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.08 | 0.10 | — | 52 | Commodities | ETLX.DE vs EN4C.DE | |
| L&G All Commodities UCITS ETF | 0.01 | 0.19 | 0.23 | 58 | Commodities | ETLX.DE vs ETLF.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.03 | 0.03 | 0.05 | 99 | Bank Loan | ETLX.DE vs XEON.DE | |
| L&G Longer Dated All Commodities UCITS ETF | 0.08 | 0.22 | 0.26 | 57 | Commodities | ETLX.DE vs ETL2.DE | |
| L&G Emerging Cyber Security ESG Exclusions UCITS E... | 0.13 | 0.15 | — | 64 | Technology Equities | ETLX.DE vs ES6Y.DE |
See all 39 diversifiers for ETLX.DE
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