Looking to diversify beyond EFAS? The ETFs below have the lowest correlation with EFAS — 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 EFAS.
Best Diversifiers for EFAS
612 ETFs have low correlation with EFAS (below 0.3), 25 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.49 | -0.54 | -0.56 | 51 | Currency | EFAS vs UUP | |
| ProShares UltraShort Yen | -0.34 | -0.33 | -0.25 | 72 | Leveraged Currency | EFAS vs YCS | |
| Direxion Daily MU Bull 2X Shares | -0.25 | -0.25 | -0.25 | 99 | Leveraged Equities, Semiconductors | EFAS vs MUU | |
| ProShares Short Bitcoin ETF | -0.23 | -0.21 | -0.25 | 57 | Cryptocurrency | EFAS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EFAS vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFAS and solid risk/return profiles. The least correlated is Astronics Corporation (ATRO) (Industrials) with a 1Y correlation of 0.21, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astronics Corporation | 0.21 | 0.25 | 0.33 | 95 | Industrials |
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