Looking to diversify beyond ESMV? The ETFs below have the lowest correlation with ESMV — 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 ESMV.
Best Diversifiers for ESMV
423 ETFs have low correlation with ESMV (below 0.3), 37 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.29 | -0.29 | -0.29 | 99 | Leveraged Equities, Semiconductors | ESMV vs MUU | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.23 | — | 51 | Currency | ESMV vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | ESMV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.27 | -0.27 | 60 | Inverse Equities | ESMV vs SMST | |
| ProShares Short Bitcoin ETF | -0.28 | -0.23 | -0.27 | 57 | Cryptocurrency | ESMV vs BITI |
See all 2044 diversifiers for ESMV
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