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
418 ETFs have low correlation with EWJV (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.35 | -0.40 | 51 | Currency | EWJV vs UUP | |
| ProShares UltraShort Yen | -0.36 | -0.27 | -0.27 | 72 | Leveraged Currency | EWJV vs YCS | |
| ProShares Short Bitcoin ETF | -0.26 | -0.15 | -0.19 | 57 | Cryptocurrency | EWJV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.20 | -0.20 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EWJV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 68 | Inverse Equities, Leveraged Equities | EWJV vs MSTZ |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.00 | 0.12 | 0.22 | 75 | Energy | |
| Hafnia Limited | 0.11 | — | — | 80 | Industrials | |
| International Seaways, Inc. | 0.13 | 0.13 | 0.17 | 97 | Energy | |
| BW LPG Limited | 0.17 | 0.16 | 0.11 | 86 | Industrials | |
| Berkshire Hathaway Inc. | 0.22 | 0.29 | 0.38 | 53 | Financial Services |
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