Looking to diversify beyond ESLV? The ETFs below have the lowest correlation with ESLV — 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 ESLV.
Best Diversifiers for ESLV
0 ETFs have low correlation with ESLV (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of 0.61, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | 0.61 | 0.61 | 0.61 | 70 | Large Cap Value Equities, Dividend | ESLV vs FDL | |
| Bahl & Gaynor Income Growth ETF | 0.81 | 0.81 | 0.81 | 84 | Large Cap Value Equities | ESLV vs BGIG | |
| WisdomTree U.S. LargeCap Dividend Fund | 0.85 | 0.85 | 0.85 | 84 | Large Cap Value Equities, Dividend | ESLV vs DLN |
Diversification Analysis
Build a portfolio that complements ESLV
Add ESLV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESLV