Looking to diversify beyond EFO? The ETFs below have the lowest correlation with EFO — 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 EFO.
Best Diversifiers for EFO
227 ETFs have low correlation with EFO (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.28 | -0.24 | 75 | Leveraged Currency | EFO vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.32 | -0.32 | 53 | Inverse Equities | EFO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.31 | -0.31 | 60 | Inverse Equities, Leveraged Equities | EFO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | -0.33 | -0.33 | 65 | Derivative Income | EFO vs WNTR | |
| United States Gasoline Fund LP | -0.29 | -0.10 | 0.06 | 72 | Oil & Gas | EFO vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFO and solid risk/return profiles. The least correlated is German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.33, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.33 | 0.32 | 0.36 | 69 | Financial Services |
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