Looking to diversify beyond EWC? The ETFs below have historically moved differently from EWC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EWC
384 ETFs have low correlation with EWC (below 0.3), 42 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 52 | Inverse Equities | EWC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | EWC vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EWC vs SBIT | |
| ProShares Short Bitcoin ETF | -0.40 | -0.32 | — | 61 | Cryptocurrency | EWC vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | EWC vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of 0.05, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | 0.05 | 0.26 | 0.32 | 98 | Utilities | |
| EPR Properties | 0.17 | 0.36 | 0.48 | 69 | Real Estate | |
| Wheaton Precious Metals Corp. | 0.63 | 0.53 | 0.51 | 57 | Basic Materials | |
| Royal Bank of Canada | 0.70 | 0.75 | 0.80 | 98 | Financial Services |
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