Looking to diversify beyond WELP.DE? The ETFs below have the lowest correlation with WELP.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 WELP.DE.
Best Diversifiers for WELP.DE
15 ETFs have low correlation with WELP.DE (below 0.3), 7 of which are negatively correlated. The least correlated is Amundi MSCI World Information Technology UCITS ETF EUR Acc (LYPG.DE) (Technology Equities) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI World Information Technology UCITS ETF... | -0.08 | 0.11 | 0.13 | 64 | Technology Equities | WELP.DE vs LYPG.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | -0.04 | 0.15 | — | 72 | Nasdaq-100 | WELP.DE vs 6AQQ.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | -0.04 | 0.17 | — | 67 | Robotics, Technology Equities | WELP.DE vs GOAI.DE | |
| Deka Future Energy ESG UCITS ETF | -0.04 | 0.20 | 0.21 | 94 | Energy Equities | WELP.DE vs D6RD.DE | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | -0.03 | 0.17 | — | 89 | Energy Equities | WELP.DE vs IQQH.DE |
See all 29 diversifiers for WELP.DE
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