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
276 ETFs have low correlation with ESBG (below 0.3), 25 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ESBG vs SBIT | |
| ProShares Short Bitcoin ETF | -0.35 | -0.35 | -0.35 | 57 | Cryptocurrency | ESBG vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | -0.32 | -0.32 | 60 | Inverse Equities | ESBG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.32 | -0.32 | 68 | Inverse Equities, Leveraged Equities | ESBG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | -0.31 | -0.31 | 70 | Derivative Income | ESBG vs WNTR |
See all 1982 diversifiers for ESBG
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