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
337 ETFs have low correlation with EWC (below 0.3), 30 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 53 | Inverse Equities | EWC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 60 | Inverse Equities, Leveraged Equities | EWC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | EWC vs WNTR | |
| ProShares UltraShort Yen | -0.27 | -0.18 | -0.15 | 75 | Leveraged Currency | EWC vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.24 | — | — | 51 | Multistrategy | EWC vs RSBY |
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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 0.05, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | 0.05 | 0.26 | 0.33 | 95 | Utilities | |
| EPR Properties | 0.19 | 0.35 | 0.48 | 52 | Real Estate | |
| Wheaton Precious Metals Corp. | 0.62 | 0.51 | 0.47 | 60 | Basic Materials | |
| Royal Bank of Canada | 0.69 | 0.75 | 0.80 | 98 | Financial Services |
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