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
318 ETFs have low correlation with EWA (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.29 | -0.23 | 75 | Leveraged Currency | EWA vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 60 | Inverse Equities, Leveraged Equities | EWA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 53 | Inverse Equities | EWA vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | EWA vs WNTR | |
| United States Gasoline Fund LP | -0.24 | -0.03 | 0.13 | 72 | Oil & Gas | EWA vs UGA |
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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 0.19, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.19 | 0.26 | 0.31 | 75 | Technology | |
| Amazon.com, Inc | 0.28 | 0.32 | 0.38 | 55 | Consumer Cyclical | |
| NVIDIA Corporation | 0.32 | 0.31 | 0.40 | 69 | Technology | |
| Rocket Lab USA, Inc. | 0.36 | 0.38 | 0.38 | 79 | Industrials | |
| Tesla, Inc. | 0.37 | 0.38 | 0.37 | 66 | Consumer Cyclical |
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