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
328 ETFs have low correlation with ESGG (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.34 | -0.37 | 57 | Cryptocurrency | ESGG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ESGG vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.33 | -0.40 | 51 | Currency | ESGG vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 60 | Inverse Equities | ESGG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | ESGG vs MSTZ |
See all 2039 diversifiers for ESGG
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