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
412 ETFs have low correlation with EFAV (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.54, down from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.54 | -0.44 | -0.38 | 73 | Leveraged Currency | EFAV vs YCS | |
| ProShares Short Bitcoin ETF | -0.25 | -0.18 | — | 52 | Cryptocurrency | EFAV vs BITI | |
| TCW AAA CLO ETF | -0.25 | — | — | 99 | CLO | EFAV vs ACLO | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 70 | Inverse Equities, Leveraged Equities | EFAV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.21 | — | — | 63 | Inverse Equities | EFAV vs SMST |
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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 | 0.16 | 0.32 | 63 | Technology | |
| FirstCash, Inc. | 0.09 | 0.21 | 0.29 | 93 | Financial Services | |
| Nutrien Ltd. | 0.12 | 0.28 | 0.29 | 61 | Basic Materials | |
| McKesson Corporation | 0.13 | 0.14 | 0.23 | 62 | Healthcare | |
| Amkor Technology, Inc. | 0.16 | 0.25 | 0.36 | 94 | Technology |
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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.
Analyze a portfolio with EFAV