Looking to diversify beyond ESGE.L? The ETFs below have the lowest correlation with ESGE.L — 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 ESGE.L.
Best Diversifiers for ESGE.L
0 ETFs have low correlation with ESGE.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L) (Europe Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.36 | 0.28 | 0.28 | 99 | Europe Equities | ESGE.L vs JRDZ.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.41 | 0.26 | 0.26 | 73 | Technology Equities | ESGE.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.49 | 0.29 | 0.27 | 78 | Nasdaq-100 | ESGE.L vs EQQQ.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.50 | — | — | 86 | Global Equities | ESGE.L vs FWRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.50 | 0.30 | 0.27 | 75 | Nasdaq-100 | ESGE.L vs EQQU.L |
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