Looking to diversify beyond ESGN? The ETFs below have the lowest correlation with ESGN — 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 ESGN.
Best Diversifiers for ESGN
320 ETFs have low correlation with ESGN (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.53 | -0.56 | 51 | Currency | ESGN vs UUP | |
| ProShares UltraShort Yen | -0.41 | -0.28 | -0.25 | 72 | Leveraged Currency | ESGN vs YCS | |
| ProShares Short Bitcoin ETF | -0.33 | -0.25 | -0.28 | 57 | Cryptocurrency | ESGN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ESGN vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | ESGN vs SMST |
See all 2040 diversifiers for ESGN
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