Looking to diversify beyond ESGG.TO? The ETFs below have the lowest correlation with ESGG.TO — 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 ESGG.TO.
Best Diversifiers for ESGG.TO
10 ETFs have low correlation with ESGG.TO (below 0.3), 0 of which are negatively correlated. The least correlated is BMO Money Market Fund ETF Series (ZMMK.TO) (Money Market) with a 1Y correlation of 0.11, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BMO Money Market Fund ETF Series | 0.11 | 0.05 | — | 99 | Money Market | ESGG.TO vs ZMMK.TO | |
| iShares Global Monthly Dividend Index ETF (CAD-Hed... | 0.16 | 0.25 | 0.32 | 88 | Global Equities | ESGG.TO vs CYH.TO | |
| iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged) | 0.20 | 0.25 | 0.32 | 73 | Foreign Large Cap Equities, Low Volatility | ESGG.TO vs XML.TO | |
| iShares MSCI Min Vol EAFE Index ETF | 0.21 | 0.31 | 0.38 | 60 | Foreign Large Cap Equities, Low Volatility | ESGG.TO vs XMI.TO | |
| iShares Core MSCI Global Quality Dividend Index ET... | 0.23 | 0.30 | 0.35 | 84 | Quality Factor, Global Equities | ESGG.TO vs XDGH.TO |
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