Looking to diversify beyond EWH? The ETFs below have the lowest correlation with EWH — 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 EWH.
Best Diversifiers for EWH
451 ETFs have low correlation with EWH (below 0.3), 40 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | EWH vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 53 | Inverse Equities | EWH vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 65 | Derivative Income | EWH vs WNTR | |
| ProShares UltraShort Yen | -0.16 | -0.14 | -0.10 | 75 | Leveraged Currency | EWH vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | EWH vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWH and solid risk/return profiles. The least correlated is MP Materials Corp. (MP) (Basic Materials) with a 1Y correlation of 0.17, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MP Materials Corp. | 0.17 | 0.26 | 0.29 | 53 | Basic Materials | |
| Intel Corporation | 0.23 | 0.26 | 0.31 | 98 | Technology | |
| NextEra Energy, Inc. | 0.23 | 0.20 | 0.21 | 72 | Utilities | |
| Genmab A/S | 0.23 | 0.24 | 0.24 | 69 | Healthcare | |
| AST SpaceMobile, Inc. | 0.23 | 0.27 | 0.23 | 69 | Technology |
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Build a portfolio that complements EWH
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