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
366 ETFs have low correlation with ESGV (below 0.3), 78 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.50, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | -0.47 | -0.47 | 68 | Inverse Equities, Leveraged Equities | ESGV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | -0.48 | -0.48 | 60 | Inverse Equities | ESGV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | — | — | 70 | Derivative Income | ESGV vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.38 | -0.40 | 57 | Cryptocurrency | ESGV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ESGV vs SBIT |
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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 -0.28, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.05 | 0.09 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | 0.00 | 0.17 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.24 | -0.02 | 0.15 | 75 | Energy | |
| Duke Energy Corporation | -0.23 | -0.06 | 0.06 | 66 | Utilities | |
| Waste Management, Inc. | -0.22 | 0.06 | 0.24 | 53 | Industrials |
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