Looking to diversify beyond ESGE? The ETFs below have the lowest correlation with ESGE — 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.
Best Diversifiers for ESGE
398 ETFs have low correlation with ESGE (below 0.3), 57 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.38 | -0.38 | 53 | Inverse Equities | ESGE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.37 | -0.37 | 60 | Inverse Equities, Leveraged Equities | ESGE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 65 | Derivative Income | ESGE vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.18 | -0.16 | 75 | Leveraged Currency | ESGE vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.21 | — | — | 51 | Multistrategy | ESGE vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESGE and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.30, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.30 | 0.34 | 0.42 | 90 | Technology | |
| Amazon.com, Inc | 0.40 | 0.40 | 0.46 | 55 | Consumer Cyclical | |
| Tesla, Inc. | 0.50 | 0.42 | 0.44 | 66 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.61 | 0.54 | 0.54 | 97 | Technology |
Build a portfolio that complements ESGE
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