Looking to diversify beyond ESGG? The ETFs below have historically moved differently from ESGG, 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
355 ETFs have low correlation with ESGG (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.34 | — | 51 | Cryptocurrency | ESGG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 69 | Derivative Income | ESGG vs WNTR | |
| Invesco DB Energy Fund | -0.28 | -0.08 | 0.09 | 66 | Oil & Gas | ESGG vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.06 | 0.08 | 51 | Oil & Gas | ESGG vs DBO | |
| United States Gasoline Fund, LP | -0.23 | -0.07 | 0.07 | 83 | Oil & Gas | ESGG vs UGA |
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