Looking to diversify beyond ESGU? The ETFs below have the lowest correlation with ESGU — 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 ESGU.
Best Diversifiers for ESGU
342 ETFs have low correlation with ESGU (below 0.3), 65 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 68 | Inverse Equities, Leveraged Equities | ESGU vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 60 | Inverse Equities | ESGU vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | — | — | 70 | Derivative Income | ESGU vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | -0.39 | 57 | Cryptocurrency | ESGU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ESGU vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESGU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESGU and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.59, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.59 | 0.63 | 0.69 | 65 | Technology |
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