Looking to diversify beyond ESGM.DE? The ETFs below have the lowest correlation with ESGM.DE — 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 ESGM.DE.
Best Diversifiers for ESGM.DE
0 ETFs have low correlation with ESGM.DE (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (WTED.DE) (Emerging Markets Equities) with a 1Y correlation of 0.58, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Emerging Markets SmallCap Dividend UCIT... | 0.58 | 0.67 | 0.71 | 50 | Emerging Markets Equities | ESGM.DE vs WTED.DE | |
| Invesco S&P 500 UCITS ETF | 0.64 | 0.56 | — | 70 | S&P 500 | ESGM.DE vs P500.DE | |
| Invesco S&P 500 UCITS ETF Dist | 0.64 | 0.56 | 0.55 | 70 | S&P 500 | ESGM.DE vs D500.DE | |
| Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.67 | 0.56 | — | 74 | Nasdaq-100 | ESGM.DE vs EQQX.DE | |
| Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.67 | 0.56 | 0.55 | 71 | Nasdaq-100 | ESGM.DE vs EQQB.DE |
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