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
10 ETFs have low correlation with WELS.DE (below 0.3), 0 of which are negatively correlated. The least correlated is HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) (Health & Biotech Equities) with a 1Y correlation of 0.01, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf HAN-GINS Indxx Healthcare Megatrend Equal W... | 0.01 | 0.17 | — | 57 | Health & Biotech Equities, Equal Weight | WELS.DE vs WELP.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.02 | 0.14 | 0.14 | 95 | Semiconductors, Technology Equities | WELS.DE vs LSMC.DE | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.04 | 0.19 | — | 56 | Technology Equities, S&P 500 | WELS.DE vs QDVE.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.04 | 0.19 | 0.21 | 56 | Technology Equities | WELS.DE vs LYPG.DE | |
| Amundi Nasdaq-100 II UCITS ETF Acc | 0.11 | 0.26 | 0.27 | 73 | Nasdaq-100 | WELS.DE vs LYMS.DE |
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