Looking to diversify beyond ESML? The ETFs below have the lowest correlation with ESML — 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 ESML.
Best Diversifiers for ESML
283 ETFs have low correlation with ESML (below 0.3), 33 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.22 | -0.02 | 0.11 | 55 | Oil & Gas | ESML vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.17 | -0.17 | 97 | Inflation-Protected Bonds | ESML vs RBIL | |
| ProShares UltraShort Yen | -0.19 | -0.08 | -0.04 | 63 | Leveraged Currency | ESML vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ESML vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | ESML vs CSHP |
See all 1947 diversifiers for ESML
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