Looking to diversify beyond ESGV? The ETFs below have historically moved differently from ESGV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ESGV
428 ETFs have low correlation with ESGV (below 0.3), 100 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.52 | — | — | 52 | Inverse Equities | ESGV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 61 | Inverse Equities, Leveraged Equities | ESGV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.50 | — | — | 75 | Derivative Income | ESGV vs WNTR | |
| ProShares Short Bitcoin ETF | -0.49 | -0.38 | — | 61 | Cryptocurrency | ESGV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ESGV vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ESGV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.05 | 0.07 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.27 | -0.03 | 0.13 | 84 | Energy | |
| Duke Energy Corporation | -0.26 | -0.07 | 0.06 | 56 | Utilities | |
| The Coca-Cola Company | -0.25 | -0.01 | 0.17 | 90 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.24 | 0.02 | 0.16 | 70 | Energy |
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