Looking to diversify beyond WELG.DE? The ETFs below have the lowest correlation with WELG.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 WELG.DE.
Best Diversifiers for WELG.DE
5 ETFs have low correlation with WELG.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) (Semiconductors) with a 1Y correlation of 0.03, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.03 | 0.14 | — | 94 | Semiconductors, Technology Equities | WELG.DE vs LSMC.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.04 | 0.20 | 0.22 | 64 | Technology Equities | WELG.DE vs LYPG.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.12 | 0.28 | — | 71 | Nasdaq-100 | WELG.DE vs LYMS.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.13 | 0.28 | — | 67 | Robotics, Technology Equities | WELG.DE vs GOAI.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.13 | 0.28 | — | 72 | Nasdaq-100 | WELG.DE vs 6AQQ.DE |
See all 11 diversifiers for WELG.DE
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