Looking to balance out your exposure to ASG? The ETFs below have the lowest correlation with ASG — they tend to move on their own, which can help reduce risk when ASG drops. The stock ideas table highlights individual companies that behave independently from ASG.
Best Diversifiers for ASG
1 ETFs have low correlation with ASG (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Global Cash Cows Dividend ETF (GCOW) (Large Cap Value Equities) with a 1Y correlation of 0.23, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | 0.23 | 0.38 | 0.45 | 82 | Large Cap Value Equities, Dividend | ASG vs GCOW | |
| YieldMax GOOGL Option Income Strategy ETF | 0.42 | — | — | 93 | Derivative Income | ASG vs GOOY | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.51 | 0.48 | 0.54 | 58 | Preferred Stock/Convertible Bonds | ASG vs PFFA | |
| Amplify CWP Enhanced Dividend Income ETF | 0.59 | 0.63 | 0.63 | 69 | Derivative Income | ASG vs DIVO | |
| Global X S&P 500 Covered Call ETF | 0.72 | 0.68 | 0.68 | 84 | Derivative Income, S&P 500 | ASG vs XYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASG and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.02 | 0.08 | 73 | Consumer Defensive | |
| Kinder Morgan, Inc. | -0.02 | 0.25 | 0.33 | 66 | Energy | |
| Enterprise Products Partners L.P. | -0.01 | 0.20 | 0.29 | 88 | Energy | |
| Energy Transfer LP | 0.03 | 0.30 | 0.35 | 74 | Energy | |
| Dynex Capital, Inc. | 0.32 | 0.42 | 0.44 | 77 | Real Estate |
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Build a portfolio that complements ASG
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