Looking to diversify beyond EFA? The ETFs below have historically moved differently from EFA, 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 EFA
264 ETFs have low correlation with EFA (below 0.3), 88 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EFA vs SBIT | |
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 61 | Cryptocurrency | EFA vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | EFA vs MSTZ | |
| ProShares UltraShort Yen | -0.38 | -0.28 | -0.24 | 56 | Leveraged Currency | EFA vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.33 | -0.33 | 52 | Inverse Equities | EFA vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.18, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.18 | 0.04 | 0.20 | 72 | Energy | |
| Devon Energy Corporation | -0.18 | 0.09 | 0.25 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.17 | 0.06 | 0.21 | 70 | Energy | |
| Altria Group, Inc. | -0.17 | 0.05 | 0.15 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.15 | 0.05 | 0.20 | 80 | Energy |
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