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
367 ETFs have low correlation with ESGN (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.29 | -0.24 | 63 | Leveraged Currency | ESGN vs YCS | |
| United States Brent Oil Fund LP | -0.27 | 0.03 | 0.14 | 65 | Oil & Gas | ESGN vs BNO | |
| Invesco DB Energy Fund | -0.27 | 0.02 | 0.15 | 71 | Oil & Gas | ESGN vs DBE | |
| United States Oil Fund LP | -0.25 | 0.04 | 0.15 | 66 | Oil & Gas | ESGN vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | -0.01 | -0.01 | 56 | Derivative Income | ESGN vs USOY |
See all 2182 diversifiers for ESGN
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