Looking to diversify beyond ESGD? The ETFs below have the lowest correlation with ESGD — 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 ESGD.
Best Diversifiers for ESGD
220 ETFs have low correlation with ESGD (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.29 | -0.24 | 61 | Leveraged Currency | ESGD vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | ESGD vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | ESGD vs IBIC | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | ESGD vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.05 | -0.02 | 100 | Ultrashort Bond | ESGD vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESGD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESGD and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.39, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.39 | 0.35 | 0.31 | 63 | Financial Services |
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