Looking to balance out your exposure to EWBC? The ETFs below have the lowest correlation with EWBC — they tend to move on their own, which can help reduce risk when EWBC drops. The stock ideas table highlights individual companies that behave independently from EWBC.
Best Diversifiers for EWBC
0 ETFs have low correlation with EWBC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.33 | 0.36 | 0.46 | 73 | Nasdaq-100 | EWBC vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.48 | 0.58 | 70 | S&P 500 | EWBC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWBC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWBC and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.06, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.06 | 0.04 | 0.07 | 72 | Healthcare | |
| Genworth Financial, Inc. | 0.49 | 0.51 | 0.55 | 62 | Financial Services | |
| JPMorgan Chase & Co. | 0.52 | 0.56 | 0.63 | 59 | Financial Services | |
| Flagstar Financial, Inc. | 0.56 | 0.58 | 0.62 | 61 | Financial Services | |
| Bank of America Corporation | 0.61 | 0.67 | 0.71 | 64 | Financial Services |
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