Looking to diversify beyond ESN? The ETFs below have historically moved differently from ESN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ESN
303 ETFs have low correlation with ESN (below 0.3), 33 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | — | — | 51 | Cryptocurrency | ESN vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 69 | Derivative Income | ESN vs WNTR | |
| Invesco DB Energy Fund | -0.24 | — | — | 66 | Oil & Gas | ESN vs DBE | |
| Invesco DB Oil Fund | -0.20 | — | — | 51 | Oil & Gas | ESN vs DBO | |
| United States Gasoline Fund, LP | -0.19 | — | — | 83 | Oil & Gas | ESN vs UGA |
See all 2298 diversifiers for ESN
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