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
523 ETFs have low correlation with EFAS (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.32 | -0.24 | 63 | Leveraged Currency | EFAS vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | 0.00 | 0.00 | 100 | Ultrashort Bond | EFAS vs CSHP | |
| Invesco DB Energy Fund | -0.13 | 0.03 | 0.16 | 71 | Oil & Gas | EFAS vs DBE | |
| TCW AAA CLO ETF | -0.12 | -0.09 | -0.09 | 99 | CLO | EFAS vs ACLO | |
| United States Oil Fund LP | -0.11 | 0.05 | 0.16 | 66 | Oil & Gas | EFAS vs USO |
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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 0.24, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Astronics Corporation | 0.24 | 0.26 | 0.34 | 94 | Industrials |
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