Looking to diversify beyond EWI? The ETFs below have the lowest correlation with EWI — 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 EWI.
Best Diversifiers for EWI
270 ETFs have low correlation with EWI (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.22 | -0.17 | 61 | Leveraged Currency | EWI vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | EWI vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | EWI vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | EWI vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.04 | -0.02 | 100 | Ultrashort Bond | EWI vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWI and solid risk/return profiles. The least correlated is Entergy Corporation (ETR) (Utilities) with a 1Y correlation of 0.18, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Entergy Corporation | 0.18 | 0.23 | 0.27 | 89 | Utilities | |
| Apple Inc | 0.34 | 0.31 | 0.37 | 88 | Technology | |
| Royal Gold, Inc. | 0.37 | 0.33 | 0.33 | 56 | Basic Materials | |
| Barclays PLC | 0.72 | 0.66 | 0.69 | 83 | Financial Services |
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