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
299 ETFs have low correlation with EWI (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.21 | -0.17 | 75 | Leveraged Currency | EWI vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 60 | Inverse Equities, Leveraged Equities | EWI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 53 | Inverse Equities | EWI vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 65 | Derivative Income | EWI vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.07 | 0.07 | 72 | Oil & Gas | EWI vs UGA |
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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 Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.07 | 0.13 | 0.24 | 55 | Energy | |
| Entergy Corporation | 0.17 | 0.22 | 0.26 | 92 | Utilities | |
| Apple Inc | 0.40 | 0.35 | 0.43 | 90 | Technology | |
| Royal Gold, Inc. | 0.42 | 0.34 | 0.33 | 62 | Basic Materials | |
| Barclays PLC | 0.73 | 0.66 | 0.69 | 82 | Financial Services |
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