Looking to diversify beyond ESG? The ETFs below have the lowest correlation with ESG — 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.
Best Diversifiers for ESG
365 ETFs have low correlation with ESG (below 0.3), 72 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | -0.08 | 0.07 | 66 | Oil & Gas | ESG vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.08 | 0.09 | 71 | Oil & Gas | ESG vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.07 | 0.07 | 65 | Oil & Gas | ESG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.10 | -0.10 | 56 | Derivative Income | ESG vs USOY | |
| Invesco DB Oil Fund | -0.29 | -0.06 | 0.09 | 65 | Oil & Gas | ESG vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESG and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.33, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSCI Inc. | 0.33 | 0.46 | 0.62 | 50 | Financial Services |
Build a portfolio that complements ESG
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