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30 Stocks and 70 ETFs for diversifying ESN (ESSENTIAL 40 STOCK ETF)

The least correlated asset to ESN (ESSENTIAL 40 STOCK ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with ESN

SymbolName
Market cap
SectorIndustry
Correlation
TWKSThoughtworks Holding Inc$1.45BN/AN/A-1.00
ITIIteris Inc$316MN/AN/A-1.00
AXNXAxonics Inc$3.63BN/AN/A-1.00
TBCAT&T Inc$180BN/AN/A-0.94
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.91
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.86
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.85
DMDesktop Metal Inc - Class A$165MN/AN/A-0.66
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.64
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.63
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.60
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.60
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.60
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.59
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.57
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.57
OPTNOptiNose Inc$112MN/AN/A-0.52
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.51
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.51
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.49
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.49
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.47
BIAFBioAffinity Technologies Inc$3.25MHealthcareDiagnostics & Research-0.47
UBXGU-BX Technology Ltd$6.42MCommunication ServicesAdvertising Agencies-0.47
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.47
PDEXPro-Dex Inc (co)$181MHealthcareMedical Instruments & Supplies-0.46
SURGSurgepays Inc$7.87MCommunication ServicesTelecom Services-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.46
DFDVDeFi Development Corp$91MFinancial ServicesAsset Management-0.45
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.45

ETFs that lowly correlated with ESN

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-1.00
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.87
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.85
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.84
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.83
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.82
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.82
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.82
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.82
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.81
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.80
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.80
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.78
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.77
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.77
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.76
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.76
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.76
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.76
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.75
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.74
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.74
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.74
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.73
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.73
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.73
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.72
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.71
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.71
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.69
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.69
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.67
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.67
SMCPAlphaMark Actively Managed Small Cap ETF$3.50M0.79%May 11, 2026-0.67
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.66
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.65
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.65
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.65
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.65
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.64
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.62
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.59
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.55
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.55
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.55
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.55
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.54
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.54
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.54
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.53
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.52
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.52
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.51
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.51
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.51
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.50
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.50
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.49
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.49
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.48
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.48
WZRDOpportunistic Trader ETF$976K1.00%Jun 24, 2025-0.48
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.46
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.46
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.45