Looking to diversify beyond WELS.DE? The ETFs below have the lowest correlation with WELS.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 WELS.DE.
Best Diversifiers for WELS.DE
6 ETFs have low correlation with WELS.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) (Technology Equities) with a 1Y correlation of 0.07, down from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Information Technology Sector UCIT... | 0.07 | 0.21 | — | 65 | Technology Equities, S&P 500 | WELS.DE vs QDVE.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.08 | 0.16 | — | 94 | Semiconductors, Technology Equities | WELS.DE vs LSMC.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.08 | 0.22 | — | 64 | Technology Equities | WELS.DE vs LYPG.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.14 | 0.28 | — | 71 | Nasdaq-100 | WELS.DE vs LYMS.DE | |
| Amundi Nasdaq 100 UCITS ETF EUR | 0.16 | 0.28 | — | 72 | Nasdaq-100 | WELS.DE vs 6AQQ.DE |
See all 12 diversifiers for WELS.DE
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