Looking to diversify beyond EWC? The ETFs below have the lowest correlation with EWC — 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 EWC.
Best Diversifiers for EWC
287 ETFs have low correlation with EWC (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.18 | -0.14 | 61 | Leveraged Currency | EWC vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | EWC vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | EWC vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | EWC vs CSHP | |
| Brookstone Ultra-Short Bond ETF | -0.10 | -0.01 | -0.01 | 98 | Ultrashort Bond | EWC vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWC and solid risk/return profiles. The least correlated is Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of 0.10, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | 0.10 | 0.26 | 0.33 | 94 | Utilities | |
| Wheaton Precious Metals Corp. | 0.62 | 0.53 | 0.51 | 64 | Basic Materials | |
| Royal Bank of Canada | 0.71 | 0.76 | 0.80 | 97 | Financial Services |
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