Looking to diversify beyond ESLG? The ETFs below have the lowest correlation with ESLG — 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 ESLG.
Best Diversifiers for ESLG
0 ETFs have low correlation with ESLG (below 0.3), 0 of which are negatively correlated. The least correlated is Wahed FTSE USA Shariah ETF (HLAL) (Large Cap Growth Equities) with a 1Y correlation of 0.86, roughly unchanged from 0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wahed FTSE USA Shariah ETF | 0.86 | 0.86 | 0.86 | 84 | Large Cap Growth Equities | ESLG vs HLAL |
Diversification Analysis
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