Looking to diversify beyond EFA? The ETFs below have the lowest correlation with EFA — 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 EFA.
Best Diversifiers for EFA
246 ETFs have low correlation with EFA (below 0.3), 64 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.57, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.57 | -0.54 | -0.58 | 51 | Currency | EFA vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.29 | -0.24 | 72 | Leveraged Currency | EFA vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | -0.33 | 57 | Cryptocurrency | EFA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EFA vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.33 | -0.33 | 60 | Inverse Equities | EFA vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFA and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.12, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.12 | 0.09 | 0.24 | 62 | Energy | |
| ConocoPhillips Company | -0.12 | 0.06 | 0.22 | 66 | Energy | |
| Altria Group, Inc. | -0.12 | 0.06 | 0.17 | 81 | Consumer Defensive | |
| Devon Energy Corporation | -0.12 | 0.12 | 0.27 | 72 | Energy | |
| Waste Management, Inc. | -0.11 | 0.10 | 0.23 | 53 | Industrials |
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