Looking to diversify beyond EWG? The ETFs below have historically moved differently from EWG, 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 EWG
317 ETFs have low correlation with EWG (below 0.3), 94 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 | -0.46 | — | — | 52 | Inverse Equities | EWG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | EWG vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EWG vs SBIT | |
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | — | 61 | Cryptocurrency | EWG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | EWG 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 EWG, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.07 | 0.10 | 0.22 | 90 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | 0.10 | 0.16 | 66 | Communication Services | |
| Johnson & Johnson | 0.03 | 0.11 | 0.18 | 97 | Healthcare | |
| Monster Beverage Corporation | 0.21 | 0.23 | 0.32 | 94 | Consumer Defensive | |
| Dollar General Corporation | 0.28 | 0.22 | 0.23 | 62 | Consumer Defensive |
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