Looking to diversify beyond EWD? The ETFs below have the lowest correlation with EWD — 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 EWD.
Best Diversifiers for EWD
256 ETFs have low correlation with EWD (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.23 | -0.19 | 75 | Leveraged Currency | EWD vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 60 | Inverse Equities, Leveraged Equities | EWD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 53 | Inverse Equities | EWD vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | EWD vs WNTR | |
| United States Gasoline Fund LP | -0.25 | -0.10 | 0.04 | 72 | Oil & Gas | EWD vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWD and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.34, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.34 | 0.33 | 0.44 | 69 | Financial Services |
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