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
303 ETFs have low correlation with EFA (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.28 | -0.23 | 63 | Leveraged Currency | EFA vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.08 | 0.08 | 71 | Oil & Gas | EFA vs DBE | |
| United States Brent Oil Fund LP | -0.38 | -0.09 | 0.07 | 65 | Oil & Gas | EFA vs BNO | |
| United States Oil Fund LP | -0.37 | -0.07 | 0.08 | 66 | Oil & Gas | EFA vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.35 | — | — | 56 | Derivative Income | EFA vs USOY |
To view more results, upgrade your current subscription plan.
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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.13, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.13 | 0.07 | 0.22 | 76 | Energy | |
| Altria Group, Inc. | -0.10 | 0.10 | 0.19 | 67 | Consumer Defensive | |
| Chevron Corporation | -0.09 | 0.10 | 0.24 | 83 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.10 | 0.22 | 85 | Energy | |
| Energy Transfer LP | -0.08 | 0.21 | 0.31 | 73 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EFA
Add EFA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EFA