Looking to diversify beyond EVYM? The ETFs below have the lowest correlation with EVYM — 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 EVYM.
Best Diversifiers for EVYM
1509 ETFs have low correlation with EVYM (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.24 | -0.24 | 75 | Leveraged Currency | EVYM vs YCS | |
| United States Gasoline Fund LP | -0.27 | — | — | 72 | Oil & Gas | EVYM vs UGA | |
| Bastion Energy ETF | -0.27 | — | — | 86 | Energy Equities | EVYM vs BESF | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.26 | — | — | 51 | Commodities | EVYM vs PDBC | |
| Invesco DWA Energy Momentum ETF | -0.24 | -0.17 | -0.17 | 52 | Momentum, Energy Equities | EVYM vs PXI |
See all 2051 diversifiers for EVYM
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