Looking to diversify beyond EQWL? The ETFs below have the lowest correlation with EQWL — 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 EQWL.
Best Diversifiers for EQWL
260 ETFs have low correlation with EQWL (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.08 | -0.04 | 61 | Leveraged Currency | EQWL vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | EQWL vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | EQWL vs IBIC | |
| First Trust Alternative Absolute Return Strategy E... | -0.12 | -0.02 | 0.02 | 70 | Commodities | EQWL vs FAAR | |
| VanEck Commodity Strategy ETF | -0.11 | 0.02 | — | 55 | Commodities | EQWL vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQWL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQWL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) 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 |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.19 | 0.29 | 70 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.18 | 0.29 | 68 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.02 | 0.15 | 0.18 | 73 | Energy | |
| Chevron Corporation | -0.02 | 0.21 | 0.32 | 68 | Energy | |
| ConocoPhillips Company | -0.02 | 0.19 | 0.30 | 61 | Energy |
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