Looking to diversify beyond EWK? The ETFs below have historically moved differently from EWK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EWK
349 ETFs have low correlation with EWK (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.26 | -0.20 | 59 | Leveraged Currency | EWK vs YCS | |
| Invesco DB Energy Fund | -0.30 | -0.15 | 0.03 | 53 | Oil & Gas | EWK vs DBE | |
| United States Gasoline Fund, LP | -0.28 | -0.15 | 0.02 | 74 | Oil & Gas | EWK vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.06 | 0.09 | 50 | Commodities | EWK vs GSG | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.19 | — | — | 63 | Derivative Income | EWK vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Anheuser-Busch InBev SA/NV (BUD) (Consumer Defensive) with a 1Y correlation of 0.51, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Anheuser-Busch InBev SA/NV | 0.51 | 0.62 | 0.69 | 88 | Consumer Defensive |
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