Looking to diversify beyond ESGG? The ETFs below have the lowest correlation with ESGG — 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.
Best Diversifiers for ESGG
344 ETFs have low correlation with ESGG (below 0.3), 75 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.36 | -0.07 | 0.08 | 66 | Oil & Gas | ESGG vs USO | |
| Invesco DB Energy Fund | -0.34 | -0.08 | 0.10 | 71 | Oil & Gas | ESGG vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.06 | 0.08 | 65 | Oil & Gas | ESGG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | -0.10 | -0.10 | 56 | Derivative Income | ESGG vs USOY | |
| Invesco DB Oil Fund | -0.30 | -0.05 | 0.10 | 65 | Oil & Gas | ESGG vs DBO |
See all 2103 diversifiers for ESGG
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ESGG
Add ESGG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESGG