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
279 ETFs have low correlation with EWG (below 0.3), 64 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 | -0.42 | — | — | 53 | Inverse Equities | EWG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 60 | Inverse Equities, Leveraged Equities | EWG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 65 | Derivative Income | EWG vs WNTR | |
| ProShares UltraShort Yen | -0.34 | -0.24 | -0.19 | 75 | Leveraged Currency | EWG vs YCS | |
| United States Gasoline Fund LP | -0.28 | -0.12 | 0.02 | 72 | Oil & Gas | EWG vs UGA |
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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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.09 | 0.17 | 54 | Communication Services | |
| The Coca-Cola Company | -0.06 | 0.10 | 0.22 | 82 | Consumer Defensive | |
| Johnson & Johnson | 0.08 | 0.12 | 0.19 | 97 | Healthcare | |
| Monster Beverage Corporation | 0.20 | 0.23 | 0.32 | 93 | Consumer Defensive | |
| Dollar General Corporation | 0.28 | 0.21 | 0.23 | 51 | Consumer Defensive |
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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