Looking to diversify beyond EFAV? The ETFs below have historically moved differently from EFAV, 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 EFAV
453 ETFs have low correlation with EFAV (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, down from -0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.45 | -0.39 | 56 | Leveraged Currency | EFAV vs YCS | |
| United States Gasoline Fund, LP | -0.23 | -0.12 | 0.00 | 72 | Oil & Gas | EFAV vs UGA | |
| Invesco DB Energy Fund | -0.22 | -0.13 | 0.01 | 54 | Oil & Gas | EFAV vs DBE | |
| TCW AAA CLO ETF | -0.20 | — | — | 99 | CLO | EFAV vs ACLO | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 58 | Derivative Income | EFAV vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFAV, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.14 | 0.31 | 63 | Technology | |
| FirstCash, Inc. | 0.08 | 0.21 | 0.29 | 89 | Financial Services | |
| McKesson Corporation | 0.11 | 0.15 | 0.23 | 65 | Healthcare | |
| Nutrien Ltd. | 0.12 | 0.28 | 0.29 | 58 | Basic Materials | |
| Amkor Technology, Inc. | 0.12 | 0.24 | 0.35 | 86 | Technology |
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