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
291 ETFs have low correlation with EFAX (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.27 | -0.23 | 61 | Leveraged Currency | EFAX vs YCS | |
| Invesco DB Energy Fund | -0.42 | -0.12 | 0.04 | 71 | Oil & Gas | EFAX vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.12 | 0.03 | 65 | Oil & Gas | EFAX vs BNO | |
| United States Oil Fund LP | -0.41 | -0.12 | 0.04 | 66 | Oil & Gas | EFAX vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.39 | — | — | 56 | Derivative Income | EFAX vs USOY |
See all 2110 diversifiers for EFAX
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