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Invesco S&P 500 ESG Index ETF (ESG.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 14, 2026

The Invesco ESG S&P 500 Equal Weight ETF invests at least 90% of its total assets in securities that comprise the S&P 500 Equal Weight ESG Leaders Select Index, which includes companies from the S&P 500 Equal Weight Index that meet specific environmental, social, and governance (ESG) criteria, while maintaining similar overall industry group weights.

Looking to diversify beyond ESG.TO? The ETFs below have the lowest correlation with ESG.TO — 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 ESG.TO.

Best Diversifiers for ESG.TO

4 ETFs have low correlation with ESG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Canadian Government Floating Rate Index ETF (PFL.TO) (Canadian Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PFL.TO
Invesco Canadian Government Floating Rate Index ET...0.000.040.08
97
Canadian Government BondsESG.TO vs PFL.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.210.340.39
97
Canada EquitiesESG.TO vs TLV.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF0.250.310.35
82
Global EquitiesESG.TO vs PZW.TO
PXS.TO
Invesco RAFI U.S. Index ETF II CAD0.270.430.45
95
Large Cap Value EquitiesESG.TO vs PXS.TO
PXC.TO
Invesco RAFI Canadian Index ETF0.330.380.38
97
Canada EquitiesESG.TO vs PXC.TO
See all 27 diversifiers for ESG.TO

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Diversification Analysis

Build a portfolio that complements ESG.TO

Add ESG.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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