Looking to diversify beyond EFV? The ETFs below have historically moved differently from EFV, 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 EFV
308 ETFs have low correlation with EFV (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.33 | -0.26 | 56 | Leveraged Currency | EFV vs YCS | |
| ProShares Short Bitcoin ETF | -0.36 | -0.26 | — | 61 | Cryptocurrency | EFV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EFV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 52 | Inverse Equities | EFV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | EFV vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.09, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.09 | 0.16 | 0.31 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.09 | 0.14 | 0.30 | 70 | Energy | |
| Energy Transfer LP | -0.09 | 0.19 | 0.33 | 81 | Energy | |
| ConocoPhillips Company | -0.08 | 0.11 | 0.29 | 72 | Energy | |
| Chevron Corporation | -0.07 | 0.14 | 0.29 | 80 | Energy |
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