Looking to diversify beyond EFAD? The ETFs below have historically moved differently from EFAD, 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 EFAD
228 ETFs have low correlation with EFAD (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.36 | -0.32 | 59 | Leveraged Currency | EFAD vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.17 | -0.01 | 66 | Oil & Gas | EFAD vs DBE | |
| ProShares Short Bitcoin ETF | -0.37 | -0.27 | — | 51 | Cryptocurrency | EFAD vs BITI | |
| Invesco DB Oil Fund | -0.35 | -0.15 | 0.00 | 51 | Oil & Gas | EFAD vs DBO | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 69 | Derivative Income | EFAD vs WNTR |
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