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
424 ETFs have low correlation with ESPO (below 0.3), 43 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 51 | Derivative Income | ESPO vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.17 | -0.13 | 73 | Leveraged Currency | ESPO vs YCS | |
| Direxion Daily NFLX Bear 1X Shares | -0.21 | — | — | 63 | Inverse Equities | ESPO vs NFXS | |
| Brookstone Ultra-Short Bond ETF | -0.17 | — | — | 99 | Ultrashort Bond | ESPO vs BAMU | |
| United States Gasoline Fund LP | -0.17 | -0.04 | 0.05 | 60 | Oil & Gas | ESPO vs UGA |
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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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.08, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.08 | 0.02 | 0.09 | 70 | Financial Services | |
| Walmart Inc. | -0.05 | 0.12 | 0.17 | 70 | Consumer Defensive | |
| Atmos Energy Corporation | -0.02 | 0.06 | 0.08 | 64 | Utilities | |
| WEC Energy Group, Inc. | -0.02 | -0.01 | 0.01 | 66 | Utilities | |
| AbbVie Inc. | -0.02 | 0.08 | 0.07 | 74 | Healthcare |
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