Looking to diversify beyond EWG? The ETFs below have the lowest correlation with EWG — 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 EWG.
Best Diversifiers for EWG
247 ETFs have low correlation with EWG (below 0.3), 40 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 | -0.24 | -0.19 | 61 | Leveraged Currency | EWG vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | EWG vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | EWG vs IBIC | |
| VanEck Commodity Strategy ETF | -0.14 | 0.03 | — | 55 | Commodities | EWG vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | -0.01 | -0.01 | 99 | Ultrashort Bond | EWG vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWG and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.03 | 0.11 | 0.23 | 74 | Consumer Defensive | |
| Verizon Communications Inc. | -0.03 | 0.10 | 0.17 | 63 | Communication Services | |
| Johnson & Johnson | 0.09 | 0.13 | 0.20 | 95 | Healthcare | |
| Monster Beverage Corporation | 0.18 | 0.23 | 0.32 | 85 | Consumer Defensive | |
| JPMorgan Chase & Co. | 0.36 | 0.35 | 0.46 | 69 | Financial Services |
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Build a portfolio that complements EWG
Add EWG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EWG