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
339 ETFs have low correlation with ESGU (below 0.3), 75 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | -0.06 | 0.07 | 66 | Oil & Gas | ESGU vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.08 | 71 | Oil & Gas | ESGU vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.06 | 0.07 | 65 | Oil & Gas | ESGU vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | ESGU vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.03 | 0.09 | 55 | Oil & Gas | ESGU vs OILK |
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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 0.58, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.58 | 0.62 | 0.69 | 78 | Technology |
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