Looking to diversify beyond EFAA? The ETFs below have historically moved differently from EFAA, 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 EFAA
288 ETFs have low correlation with EFAA (below 0.3), 69 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.38, roughly unchanged from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.36 | -0.36 | 58 | Derivative Income | EFAA vs WNTR | |
| Invesco DB Energy Fund | -0.34 | — | — | 54 | Oil & Gas | EFAA vs DBE | |
| ProShares UltraShort Yen | -0.32 | -0.24 | -0.24 | 56 | Leveraged Currency | EFAA vs YCS | |
| United States Gasoline Fund, LP | -0.29 | -0.13 | -0.13 | 72 | Oil & Gas | EFAA vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | EFAA vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFAA, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.09 | 0.12 | 0.12 | 86 | Energy | |
| Western Midstream Partners, LP | 0.00 | 0.15 | 0.15 | 78 | Energy | |
| NVIDIA Corporation | 0.40 | 0.40 | 0.40 | 63 | Technology |
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