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
15 ETFs have low correlation with RENW.DE (below 0.3), 8 of which are negatively correlated. The least correlated is Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.DE) (Energy Equities) with a 1Y correlation of -0.07, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Energy UCITS ETF 1C | -0.07 | 0.16 | 0.27 | 52 | Energy Equities | RENW.DE vs XDW0.DE | |
| L&G All Commodities UCITS ETF | -0.05 | 0.06 | 0.13 | 60 | Commodities | RENW.DE vs ETLF.DE | |
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.04 | 0.17 | 0.31 | 70 | Energy Equities | RENW.DE vs JMLP.DE | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.03 | 0.06 | — | 52 | Commodities | RENW.DE vs EN4C.DE | |
| Amundi S&P Global Energy Carbon Reduced UCITS ETF ... | -0.03 | 0.18 | — | 60 | Energy Equities | RENW.DE vs WELN.DE |
See all 55 diversifiers for RENW.DE
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