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
1991 ETFs have low correlation with ESGB (below 0.3), 550 of which are negatively correlated. The least correlated is Thrivent Ultra Short Bond ETF (TUSB) (Ultrashort Bond) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thrivent Ultra Short Bond ETF | -0.42 | -0.42 | -0.42 | 98 | Ultrashort Bond | ESGB vs TUSB | |
| Reckoner Leveraged AAA CLO ETF | -0.34 | -0.34 | -0.34 | 97 | CLO | ESGB vs RAAA | |
| iShares Short Maturity Municipal Bond ETF | -0.34 | -0.34 | -0.34 | 96 | Municipal Bonds | ESGB vs MEAR | |
| Invesco KBW Premium Yield Equity REIT ETF | -0.32 | -0.32 | -0.32 | 57 | REIT, Dividend | ESGB vs KBWY | |
| VanEck IG Floating Rate ETF | -0.30 | -0.30 | -0.30 | 99 | Corporate Bonds, Ultrashort Bond | ESGB vs FLTR |
See all 2024 diversifiers for ESGB
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