Looking to diversify beyond ESGV? The ETFs below have the lowest correlation with ESGV — 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 ESGV.
Best Diversifiers for ESGV
372 ETFs have low correlation with ESGV (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.11 | 0.05 | 71 | Oil & Gas | ESGV vs DBE | |
| United States Oil Fund LP | -0.35 | -0.10 | 0.04 | 66 | Oil & Gas | ESGV vs USO | |
| United States Brent Oil Fund LP | -0.34 | -0.08 | 0.04 | 65 | Oil & Gas | ESGV vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | ESGV vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.06 | 0.06 | 55 | Oil & Gas | ESGV vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESGV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESGV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.00 | 0.10 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.20 | 0.01 | 0.14 | 85 | Energy | |
| Duke Energy Corporation | -0.18 | -0.04 | 0.07 | 53 | Utilities | |
| ConocoPhillips Company | -0.17 | 0.03 | 0.16 | 76 | Energy | |
| Chevron Corporation | -0.16 | 0.04 | 0.16 | 83 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ESGV
Add ESGV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESGV