Looking to diversify beyond EWJV? The ETFs below have the lowest correlation with EWJV — 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 EWJV.
Best Diversifiers for EWJV
475 ETFs have low correlation with EWJV (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.27 | -0.27 | 63 | Leveraged Currency | EWJV vs YCS | |
| Invesco DB Energy Fund | -0.25 | -0.04 | 0.09 | 71 | Oil & Gas | EWJV vs DBE | |
| United States Oil Fund LP | -0.24 | -0.03 | 0.10 | 66 | Oil & Gas | EWJV vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.03 | 0.09 | 65 | Oil & Gas | EWJV vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.01 | 0.11 | 65 | Oil & Gas | EWJV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWJV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWJV and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.04 | 0.11 | 0.20 | 77 | Energy | |
| Exxon Mobil Corporation | 0.03 | 0.14 | 0.23 | 85 | Energy | |
| International Seaways, Inc. | 0.07 | 0.15 | 0.17 | 95 | Energy | |
| Hafnia Limited | 0.08 | — | — | 83 | Industrials | |
| BW LPG Limited | 0.14 | 0.16 | 0.12 | 90 | Industrials |
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