Looking to diversify beyond WELE.DE? The ETFs below have the lowest correlation with WELE.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 WELE.DE.
Best Diversifiers for WELE.DE
3 ETFs have low correlation with WELE.DE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (D... | -0.02 | 0.02 | — | 80 | Ultrashort Bond, ESG | WELE.DE vs EUED.DE | |
| iShares € Corp Bond Interest Rate Hedged ESG SRI U... | 0.13 | 0.25 | — | 58 | Corporate Bonds, ESG | WELE.DE vs IS0Y.DE | |
| Amundi USD Floating Rate Corporate Bond ESG UCITS ... | 0.18 | 0.13 | — | 97 | Corporate Bonds, ESG | WELE.DE vs FRNH.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.30 | 0.36 | 0.43 | 91 | Semiconductors, Technology Equities | WELE.DE vs LSMC.DE | |
| Amundi Euro Stoxx Banks UCITS ETF Acc | 0.32 | 0.31 | — | 79 | Financials Equities | WELE.DE vs LYBK.DE |
See all 54 diversifiers for WELE.DE
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