Looking to diversify beyond EFV? The ETFs below have the lowest correlation with EFV — 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 EFV.
Best Diversifiers for EFV
281 ETFs have low correlation with EFV (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.33 | -0.25 | 75 | Leveraged Currency | EFV vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 60 | Inverse Equities, Leveraged Equities | EFV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 53 | Inverse Equities | EFV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | EFV vs WNTR | |
| United States Gasoline Fund LP | -0.25 | -0.05 | 0.12 | 72 | Oil & Gas | EFV vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFV and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.06 | 0.12 | 0.29 | 63 | Energy | |
| Energy Transfer LP | -0.05 | 0.21 | 0.35 | 80 | Energy | |
| Waste Management, Inc. | -0.05 | 0.12 | 0.21 | 51 | Industrials | |
| Occidental Petroleum Corporation | -0.05 | 0.16 | 0.29 | 60 | Energy | |
| Devon Energy Corporation | -0.03 | 0.19 | 0.32 | 69 | Energy |
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