Looking to diversify beyond EFAD? The ETFs below have the lowest correlation with EFAD — 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 EFAD.
Best Diversifiers for EFAD
220 ETFs have low correlation with EFAD (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.60, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.60 | -0.57 | -0.59 | 51 | Currency | EFAD vs UUP | |
| ProShares UltraShort Yen | -0.47 | -0.36 | -0.31 | 72 | Leveraged Currency | EFAD vs YCS | |
| Invesco DB Energy Fund | -0.36 | -0.15 | 0.00 | 53 | Oil & Gas | EFAD vs DBE | |
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | -0.29 | 57 | Cryptocurrency | EFAD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EFAD vs SBIT |
See all 2044 diversifiers for EFAD
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