Looking to diversify beyond ESGP.DE? The ETFs below have historically moved differently from ESGP.DE, 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 ESGP.DE
1 ETFs have low correlation with ESGP.DE (below 0.3), 1 of which are negatively correlated. The least correlated is HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.06 | 0.21 | — | 58 | Energy Equities | ESGP.DE vs JMLP.DE | |
| Invesco Physical Gold (EUR Hedged) ETC | 0.36 | 0.19 | 0.15 | 55 | Gold, Precious Metals | ESGP.DE vs 8PSE.DE | |
| Xtrackers MSCI Korea UCITS ETF 1C | 0.39 | 0.47 | — | 91 | South Korea Equities, Asia Pacific Equities | ESGP.DE vs DBX8.DE | |
| Amundi MSCI Korea UCITS ETF Acc | 0.41 | 0.47 | — | 91 | South Korea Equities, Asia Pacific Equities | ESGP.DE vs LKOR.DE | |
| Franklin FTSE Korea UCITS ETF | 0.42 | 0.48 | 0.52 | 92 | South Korea Equities, Asia Pacific Equities | ESGP.DE vs FLXK.DE |
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