Looking to diversify beyond ESGP.L? The ETFs below have the lowest correlation with ESGP.L — 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 ESGP.L.
Best Diversifiers for ESGP.L
2 ETFs have low correlation with ESGP.L (below 0.3), 0 of which are negatively correlated. The least correlated is HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating (ITEP.L) (Technology Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HAN-GINS Tech Megatrend Equal Weight UCITS ETF - A... | 0.24 | 0.20 | 0.23 | 51 | Technology Equities | ESGP.L vs ITEP.L | |
| HANetf Digital Infrastructure and Connectivity UCI... | 0.27 | 0.22 | — | 58 | Technology Equities | ESGP.L vs PIGI.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.50 | 0.42 | — | 90 | Precious Metals | ESGP.L vs REGB.L | |
| iShares Physical Silver ETC | 0.77 | 0.73 | — | 53 | Silver, Precious Metals | ESGP.L vs SSLN.L | |
| WisdomTree Physical Silver | 0.77 | 0.73 | 0.72 | 53 | Silver, Precious Metals | ESGP.L vs PHSP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESGP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESGP.L and solid risk/return profiles. The least correlated is Fresnillo plc (FRES.L) (Basic Materials) with a 1Y correlation of 0.79, roughly unchanged from 0.74 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fresnillo plc | 0.79 | 0.74 | — | 91 | Basic Materials |
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