Looking to diversify beyond EWJ? The ETFs below have the lowest correlation with EWJ — 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 EWJ.
Best Diversifiers for EWJ
322 ETFs have low correlation with EWJ (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.26 | -0.26 | 73 | Leveraged Currency | EWJ vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | -0.28 | -0.28 | 51 | Derivative Income | EWJ vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.06 | 0.06 | 60 | Oil & Gas | EWJ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | — | — | 97 | Inflation-Protected Bonds | EWJ vs RBIL | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | EWJ vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWJ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.03 | 0.12 | 74 | Consumer Defensive | |
| ConocoPhillips Company | -0.11 | 0.03 | 0.16 | 65 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.09 | 0.19 | 74 | Energy | |
| The Coca-Cola Company | -0.06 | 0.04 | 0.18 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.05 | 0.04 | 0.11 | 64 | Utilities |
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Build a portfolio that complements EWJ
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