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
274 ETFs have low correlation with ESGU (below 0.3), 37 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.27 | -0.05 | 0.07 | 55 | Oil & Gas | ESGU vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | ESGU vs RBIL | |
| ProShares UltraShort Yen | -0.21 | -0.04 | -0.03 | 63 | Leveraged Currency | ESGU vs YCS | |
| Direxion Daily NFLX Bear 1X Shares | -0.18 | -0.33 | -0.33 | 55 | Inverse Equities | ESGU vs NFXS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | — | — | 99 | Ultrashort Bond | ESGU vs CSHP |
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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 | 72 | Technology |
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