Looking to diversify beyond WELM.DE? The ETFs below have the lowest correlation with WELM.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 WELM.DE.
Best Diversifiers for WELM.DE
6 ETFs have low correlation with WELM.DE (below 0.3), 5 of which are negatively correlated. The least correlated is Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) (Semiconductors) with a 1Y correlation of -0.28, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | -0.28 | -0.12 | -0.07 | 87 | Semiconductors, Technology Equities | WELM.DE vs LSMC.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | -0.20 | 0.06 | 0.12 | 58 | Nasdaq-100 | WELM.DE vs 6AQQ.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | -0.19 | 0.06 | 0.12 | 58 | Nasdaq-100 | WELM.DE vs LYMS.DE | |
| Amundi S&P 500 UCITS ETF EUR | -0.05 | 0.22 | 0.28 | 73 | S&P 500 | WELM.DE vs AUM5.DE | |
| Amundi Euro Stoxx Banks UCITS ETF Acc | -0.04 | 0.05 | — | 76 | Financials Equities | WELM.DE vs LYBK.DE |
See all 6 diversifiers for WELM.DE
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