Looking to diversify beyond WDTE.DE? The ETFs below have the lowest correlation with WDTE.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 WDTE.DE.
Best Diversifiers for WDTE.DE
10 ETFs have low correlation with WDTE.DE (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EUR AAA CLO UCITS ETF Acc | -0.17 | — | — | 91 | CLO | WDTE.DE vs CLOA.DE | |
| Invesco S&P World Energy ESG UCITS ETF Acc | -0.11 | 0.08 | — | 53 | Energy Equities | WDTE.DE vs WDEE.DE | |
| Invesco Bloomberg Commodity UCITS ETF (EUR Hedged)... | -0.09 | 0.02 | — | 63 | Commodities | WDTE.DE vs CMOE.DE | |
| Invesco Bloomberg Commodity ex-Agriculture UCITS E... | 0.01 | 0.10 | 0.10 | 65 | Commodities | WDTE.DE vs XAAG.DE | |
| Invesco EUR AAA CLO UCITS ETF Dist | 0.02 | 0.04 | 0.04 | 96 | CLO | WDTE.DE vs CLOD.DE |
See all 81 diversifiers for WDTE.DE
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Diversification Analysis
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