Looking to diversify beyond WELN.DE? The ETFs below have the lowest correlation with WELN.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 WELN.DE.
Best Diversifiers for WELN.DE
18 ETFs have low correlation with WELN.DE (below 0.3), 17 of which are negatively correlated. The least correlated is Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) (Financials Equities) with a 1Y correlation of -0.19, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Euro Stoxx Banks UCITS ETF Acc | -0.19 | 0.07 | — | 79 | Financials Equities | WELN.DE vs LYBK.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | -0.10 | 0.13 | — | 67 | Nasdaq-100 | WELN.DE vs 6AQQ.DE | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | -0.09 | 0.13 | — | 56 | Energy Equities | WELN.DE vs IQQH.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | -0.08 | 0.13 | — | 56 | Robotics, Technology Equities | WELN.DE vs GOAI.DE | |
| WisdomTree Renewable Energy UCITS ETF USD Unhedged... | -0.07 | 0.15 | — | 64 | Energy Equities | WELN.DE vs WRNW.DE |
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