Looking to diversify beyond EFAV? The ETFs below have the lowest correlation with EFAV — 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 EFAV.
Best Diversifiers for EFAV
449 ETFs have low correlation with EFAV (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.57, down from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.57 | -0.44 | -0.38 | 67 | Leveraged Currency | EFAV vs YCS | |
| United States Brent Oil Fund LP | -0.28 | -0.11 | 0.02 | 65 | Oil & Gas | EFAV vs BNO | |
| United States Oil Fund LP | -0.27 | -0.11 | 0.02 | 66 | Oil & Gas | EFAV vs USO | |
| Invesco DB Energy Fund | -0.27 | -0.10 | 0.02 | 71 | Oil & Gas | EFAV vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.10 | 0.03 | 65 | Oil & Gas | EFAV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFAV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFAV and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.05, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.05 | 0.17 | 0.32 | 80 | Technology | |
| Nutrien Ltd. | 0.10 | 0.28 | 0.29 | 59 | Basic Materials | |
| Citigroup Inc. | 0.21 | 0.32 | 0.42 | 93 | Financial Services | |
| Monolithic Power Systems, Inc. | 0.22 | 0.28 | 0.37 | 93 | Technology | |
| APi Group Corporation | 0.26 | 0.33 | 0.43 | 74 | Industrials |
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Build a portfolio that complements EFAV
Add EFAV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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