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
227 ETFs have low correlation with ESGD (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.29 | -0.24 | 75 | Leveraged Currency | ESGD vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 53 | Inverse Equities | ESGD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 60 | Inverse Equities, Leveraged Equities | ESGD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 65 | Derivative Income | ESGD vs WNTR | |
| United States Gasoline Fund LP | -0.29 | -0.08 | 0.06 | 72 | Oil & Gas | ESGD vs UGA |
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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 0.42, up from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.42 | 0.35 | 0.32 | 65 | Financial Services |
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