Looking to diversify beyond ESGG.L? The ETFs below have historically moved differently from ESGG.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ESGG.L
3 ETFs have low correlation with ESGG.L (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) (Global Equities) with a 1Y correlation of -0.17, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR MSCI World Energy UCITS ETF USD ... | -0.17 | 0.17 | 0.25 | 66 | Global Equities, Energy Equities | ESGG.L vs WNRG.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.03 | 0.28 | 0.42 | 74 | Infrastructure Equities, Utilities Equities, Global Equities | ESGG.L vs INFR.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.12 | 0.31 | 0.47 | 75 | Infrastructure Equities, Mid Cap Value Equities, Global Equities | ESGG.L vs IDIN.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.32 | 0.47 | 0.56 | 96 | Global Equities, Dividend | ESGG.L vs TDGB.L | |
| Invesco European Banks Sector UCITS ETF | 0.59 | 0.48 | 0.50 | 84 | Financials Equities | ESGG.L vs X7PP.L |
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