Looking to diversify beyond WELR.DE? The ETFs below have the lowest correlation with WELR.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 WELR.DE.
Best Diversifiers for WELR.DE
1 ETFs have low correlation with WELR.DE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Telecoms Sector UCITS ETF (SC0Q.DE) (Communications Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Telecoms Sector UCITS ETF | 0.09 | 0.13 | — | 60 | Communications Equities | WELR.DE vs SC0Q.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.48 | 0.55 | — | 94 | Semiconductors, Technology Equities | WELR.DE vs LSMC.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.58 | 0.66 | 0.67 | 64 | Technology Equities | WELR.DE vs LYPG.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.61 | 0.69 | — | 67 | Robotics, Technology Equities | WELR.DE vs GOAI.DE | |
| Amundi Prime All Country World UCITS ETF Acc EUR | 0.62 | 0.69 | 0.69 | 75 | Global Equities | WELR.DE vs WEBN.DE |
See all 7 diversifiers for WELR.DE
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