Looking to diversify beyond EFAS? The ETFs below have historically moved differently from EFAS, 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 EFAS
655 ETFs have low correlation with EFAS (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.33 | -0.25 | 56 | Leveraged Currency | EFAS vs YCS | |
| ProShares Short Bitcoin ETF | -0.24 | -0.21 | — | 61 | Cryptocurrency | EFAS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EFAS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | -0.19 | -0.19 | 61 | Inverse Equities, Leveraged Equities | EFAS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.20 | -0.19 | -0.19 | 52 | Inverse Equities | EFAS vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFAS, 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 Astronics Corporation (ATRO) (Industrials) with a 1Y correlation of 0.23, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astronics Corporation | 0.23 | 0.26 | 0.33 | 94 | Industrials |
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