Looking to diversify beyond RENW.DE? The ETFs below have the lowest correlation with RENW.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 RENW.DE.
Best Diversifiers for RENW.DE
9 ETFs have low correlation with RENW.DE (below 0.3), 2 of which are negatively correlated. The least correlated is HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) (Energy Equities) with a 1Y correlation of -0.01, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.01 | 0.19 | 0.31 | 57 | Energy Equities | RENW.DE vs JMLP.DE | |
| L&G Longer Dated All Commodities UCITS ETF | -0.01 | 0.08 | 0.14 | 52 | Commodities | RENW.DE vs ETL2.DE | |
| Amundi S&P Global Energy Carbon Reduced UCITS ETF ... | 0.01 | 0.21 | — | 59 | Energy Equities | RENW.DE vs WELN.DE | |
| HANetf HAN-GINS Indxx Healthcare Megatrend Equal W... | 0.02 | 0.22 | — | 57 | Health & Biotech Equities, Equal Weight | RENW.DE vs WELP.DE | |
| Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.03 | -0.03 | -0.01 | 99 | Bank Loan | RENW.DE vs XEON.DE |
See all 48 diversifiers for RENW.DE
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RENW.DE
Add RENW.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RENW.DE