Looking to diversify beyond ESGB? The ETFs below have the lowest correlation with ESGB — 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 ESGB.
Best Diversifiers for ESGB
1174 ETFs have low correlation with ESGB (below 0.3), 150 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.85, roughly unchanged from -0.85 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.85 | -0.85 | -0.85 | 100 | Government Bonds, Ultrashort Bond | ESGB vs TFLO | |
| Invesco Variable Rate Investment Grade ETF | -0.69 | -0.69 | -0.69 | 99 | Ultrashort Bond | ESGB vs VRIG | |
| iShares iBonds Dec 2027 Term Muni Bond ETF | -0.63 | -0.63 | -0.63 | 86 | Municipal Bonds | ESGB vs IBMP | |
| Thrivent Ultra Short Bond ETF | -0.63 | -0.63 | -0.63 | 98 | Ultrashort Bond | ESGB vs TUSB | |
| iShares Short Maturity Municipal Bond ETF | -0.59 | -0.59 | -0.59 | 96 | Municipal Bonds | ESGB vs MEAR |
See all 2046 diversifiers for ESGB
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