Looking to diversify beyond EWA? The ETFs below have the lowest correlation with EWA — 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 EWA.
Best Diversifiers for EWA
277 ETFs have low correlation with EWA (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.29 | -0.23 | 61 | Leveraged Currency | EWA vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | EWA vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | EWA vs IBIC | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | EWA vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.07 | -0.05 | 100 | Ultrashort Bond | EWA vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWA and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.18, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.18 | 0.26 | 0.31 | 66 | Technology | |
| Amazon.com, Inc | 0.27 | 0.32 | 0.38 | 52 | Consumer Cyclical | |
| NVIDIA Corporation | 0.32 | 0.32 | 0.40 | 76 | Technology | |
| Rocket Lab USA, Inc. | 0.35 | 0.38 | 0.38 | 90 | Industrials | |
| Tesla, Inc. | 0.37 | 0.38 | 0.37 | 59 | Consumer Cyclical |
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