Looking to diversify beyond EFRA? The ETFs below have historically moved differently from EFRA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EFRA
260 ETFs have low correlation with EFRA (below 0.3), 60 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.14 | — | 53 | Oil & Gas | EFRA vs DBE | |
| United States Gasoline Fund, LP | -0.34 | -0.11 | — | 74 | Oil & Gas | EFRA vs UGA | |
| ProShares UltraShort Yen | -0.30 | -0.21 | — | 59 | Leveraged Currency | EFRA vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.04 | 0.05 | 50 | Commodities | EFRA vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.24 | -0.02 | 0.08 | 58 | Commodities | EFRA vs PDBC |
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