PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

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

ETF · Currency in CAD · Last updated Jun 24, 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

3 ETFs have low correlation with ESG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) (Canada Equities) with a 1Y correlation of 0.25, down from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.250.350.40
96
Canada EquitiesESG.TO vs TLV.TO
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF0.270.310.35
85
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
96
Canada EquitiesESG.TO vs PXC.TO
ESGC.TO
Invesco S&P/TSX Composite ESG Index ETF0.440.420.38
85
Canada Equities, ESGESG.TO vs ESGC.TO
See all 26 diversifiers for ESG.TO

To view more results, upgrade your current subscription plan.

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.

Analyze a portfolio with ESG.TO