Looking to diversify beyond EWI? The ETFs below have historically moved differently from EWI, 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 EWI
346 ETFs have low correlation with EWI (below 0.3), 93 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 | -0.37 | — | — | 52 | Inverse Equities | EWI vs SMST | |
| ProShares Short Bitcoin ETF | -0.37 | -0.29 | — | 61 | Cryptocurrency | EWI vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | EWI vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EWI vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | EWI 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 EWI, 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 HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.06, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.06 | 0.10 | 0.22 | 96 | Energy | |
| Texas Pacific Land Corporation | 0.08 | 0.13 | 0.24 | 62 | Energy | |
| Entergy Corporation | 0.16 | 0.22 | 0.26 | 78 | Utilities | |
| Take-Two Interactive Software, Inc. | 0.16 | 0.23 | 0.29 | 52 | Communication Services | |
| Apple Inc | 0.34 | 0.30 | 0.37 | 89 | Technology |
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