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
17 ETFs have low correlation with RENW.DE (below 0.3), 8 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (ETLF.DE) (Commodities) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.09 | 0.06 | 0.12 | 58 | Commodities | RENW.DE vs ETLF.DE | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.07 | 0.06 | — | 52 | Commodities | RENW.DE vs EN4C.DE | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.06 | 0.14 | 0.25 | 51 | Energy Equities | RENW.DE vs ZPDE.DE | |
| iShares S&P 500 Energy Sector UCITS ETF (Acc) | -0.05 | 0.14 | 0.24 | 51 | Energy Equities, S&P 500 | RENW.DE vs QDVF.DE | |
| L&G Longer Dated All Commodities UCITS ETF | -0.03 | 0.09 | 0.14 | 57 | Commodities | RENW.DE vs ETL2.DE |
See all 54 diversifiers for RENW.DE
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