Looking to diversify beyond EDOW? The ETFs below have the lowest correlation with EDOW — 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 EDOW.
Best Diversifiers for EDOW
361 ETFs have low correlation with EDOW (below 0.3), 54 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 | -0.33 | — | — | 68 | Inverse Equities, Leveraged Equities | EDOW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 60 | Inverse Equities | EDOW vs SMST | |
| Invesco DB Energy Fund | -0.32 | -0.10 | 0.09 | 53 | Oil & Gas | EDOW vs DBE | |
| ProShares Short Bitcoin ETF | -0.32 | -0.29 | -0.32 | 57 | Cryptocurrency | EDOW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EDOW vs SBIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDOW and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.23, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | 0.23 | 0.40 | 0.52 | 51 | Basic Materials |
Build a portfolio that complements EDOW
Add EDOW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EDOW