Looking to diversify beyond ESBG? The ETFs below have the lowest correlation with ESBG — 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 ESBG.
Best Diversifiers for ESBG
239 ETFs have low correlation with ESBG (below 0.3), 29 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.21, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.21 | -0.21 | -0.21 | 55 | Oil & Gas | ESBG vs UGA | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.08 | -0.08 | -0.08 | 100 | Ultrashort Bond | ESBG vs BILZ | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.08 | -0.08 | 100 | Government Bonds, Ultrashort Bond | ESBG vs BIL | |
| PIMCO Enhanced Short Maturity Active ETF | -0.08 | -0.08 | -0.08 | 100 | Ultrashort Bond | ESBG vs MINT | |
| Westwood Salient Enhanced Midstream Income ETF | -0.07 | -0.07 | -0.07 | 55 | Energy Equities | ESBG vs MDST |
See all 1916 diversifiers for ESBG
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