Looking to diversify beyond EFAX? The ETFs below have the lowest correlation with EFAX — 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 EFAX.
Best Diversifiers for EFAX
245 ETFs have low correlation with EFAX (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.54 | -0.58 | 51 | Currency | EFAX vs UUP | |
| ProShares UltraShort Yen | -0.43 | -0.28 | -0.24 | 72 | Leveraged Currency | EFAX vs YCS | |
| ProShares Short Bitcoin ETF | -0.38 | -0.30 | -0.32 | 57 | Cryptocurrency | EFAX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EFAX vs SBIT | |
| Invesco DB Energy Fund | -0.36 | -0.13 | 0.04 | 53 | Oil & Gas | EFAX vs DBE |
See all 2048 diversifiers for EFAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements EFAX
Add EFAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EFAX