Looking to diversify beyond WRNW.DE? The ETFs below have the lowest correlation with WRNW.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 WRNW.DE.
Best Diversifiers for WRNW.DE
7 ETFs have low correlation with WRNW.DE (below 0.3), 1 of which are negatively correlated. The least correlated is Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) (Energy Equities) with a 1Y correlation of -0.03, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi S&P Global Energy Carbon Reduced UCITS ETF ... | -0.03 | 0.17 | — | 59 | Energy Equities | WRNW.DE vs WELN.DE | |
| VanEck Oil Services UCITS ETF A | 0.19 | 0.29 | — | 81 | Energy Equities | WRNW.DE vs V0IH.DE | |
| iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) | 0.19 | 0.34 | — | 75 | Energy Equities | WRNW.DE vs EXH1.DE | |
| Amundi Global BioEnergy ESG Screened UCITS ETF EUR... | 0.20 | 0.41 | — | 86 | Energy Equities | WRNW.DE vs WDNR.DE | |
| Invesco European Oil & Gas Sector UCITS ETF | 0.22 | 0.35 | — | 78 | Energy Equities | WRNW.DE vs SC0V.DE |
See all 26 diversifiers for WRNW.DE
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