Looking to diversify beyond WELX.DE? The ETFs below have the lowest correlation with WELX.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 WELX.DE.
Best Diversifiers for WELX.DE
1 ETFs have low correlation with WELX.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 0.10, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Telecoms Sector UCITS ETF | 0.10 | 0.14 | — | 60 | Communications Equities | WELX.DE vs SC0Q.DE | |
| Amundi MSCI Semiconductors ESG Screened UCITS ETF | 0.47 | 0.54 | — | 94 | Semiconductors, Technology Equities | WELX.DE vs LSMC.DE | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.53 | 0.62 | 0.65 | 65 | Technology Equities, S&P 500 | WELX.DE vs QDVE.DE | |
| Amundi MSCI World Information Technology UCITS ETF... | 0.54 | 0.63 | — | 64 | Technology Equities | WELX.DE vs LYPG.DE | |
| Amundi MSCI Robotics & AI ESG Screened UCITS ETF A... | 0.60 | 0.68 | — | 67 | Robotics, Technology Equities | WELX.DE vs GOAI.DE |
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