Looking to diversify beyond SDG? The ETFs below have historically moved differently from SDG, 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 SDG
151 ETFs have low correlation with SDG (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.28 | — | 61 | Cryptocurrency | SDG vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.07 | 0.06 | 72 | Oil & Gas | SDG vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.04 | 52 | Oil & Gas | SDG vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.06 | 58 | Oil & Gas | SDG vs DBO | |
| Alpha Architect Tail Risk ETF | -0.24 | -0.08 | — | 56 | Options Trading | SDG vs CAOS |
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