Looking to diversify beyond ESBG? The ETFs below have historically moved differently from ESBG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ESBG
367 ETFs have low correlation with ESBG (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.23 | -0.23 | 72 | Oil & Gas | ESBG vs DBE | |
| United States Gasoline Fund, LP | -0.20 | -0.20 | -0.20 | 87 | Oil & Gas | ESBG vs UGA | |
| Alpha Architect Tail Risk ETF | -0.16 | -0.16 | -0.16 | 56 | Options Trading | ESBG vs CAOS | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.15 | -0.15 | -0.15 | 75 | Leveraged Equities | ESBG vs NRGU | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.15 | -0.15 | -0.15 | 67 | Energy Equities | ESBG vs IEO |
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