Looking to diversify beyond ESPO? The ETFs below have the lowest correlation with ESPO — 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 ESPO.
Best Diversifiers for ESPO
540 ETFs have low correlation with ESPO (below 0.3), 78 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 70 | Inverse Equities, Leveraged Equities | ESPO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 63 | Inverse Equities | ESPO vs SMST | |
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | -0.37 | 52 | Cryptocurrency | ESPO vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 73 | Derivative Income | ESPO vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.16 | -0.13 | 73 | Leveraged Currency | ESPO vs YCS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ESPO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ESPO and solid risk/return profiles. The least correlated is W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.13 | 0.00 | 0.09 | 52 | Financial Services | |
| The Allstate Corporation | -0.10 | 0.01 | 0.09 | 76 | Financial Services | |
| Walmart Inc. | -0.08 | 0.11 | 0.16 | 69 | Consumer Defensive | |
| Enbridge Inc. | -0.07 | 0.17 | 0.26 | 88 | Energy | |
| Atmos Energy Corporation | -0.05 | 0.05 | 0.08 | 73 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ESPO
Add ESPO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ESPO