Looking to diversify beyond EFG? The ETFs below have the lowest correlation with EFG — 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 EFG.
Best Diversifiers for EFG
241 ETFs have low correlation with EFG (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.23 | -0.21 | 75 | Leveraged Currency | EFG vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.35 | -0.35 | 53 | Inverse Equities | EFG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.35 | -0.35 | 60 | Inverse Equities, Leveraged Equities | EFG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | -0.36 | -0.36 | 65 | Derivative Income | EFG vs WNTR | |
| United States Gasoline Fund LP | -0.30 | -0.12 | 0.01 | 72 | Oil & Gas | EFG vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFG and solid risk/return profiles. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.02, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.02 | 0.02 | 0.13 | 58 | Healthcare | |
| AbbVie Inc. | 0.10 | 0.18 | 0.20 | 77 | Healthcare | |
| Starbucks Corporation | 0.28 | 0.34 | 0.46 | 60 | Consumer Cyclical | |
| RTX Corporation | 0.28 | 0.21 | 0.32 | 80 | Industrials | |
| Meta Financial Group, Inc. | 0.32 | 0.37 | 0.43 | 52 | Financial Services |
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Build a portfolio that complements EFG
Add EFG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EFG