Looking to diversify beyond EWM? The ETFs below have the lowest correlation with EWM — 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 EWM.
Best Diversifiers for EWM
372 ETFs have low correlation with EWM (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.21 | -0.19 | 61 | Leveraged Currency | EWM vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | -0.25 | -0.25 | 97 | Inflation-Protected Bonds | EWM vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | EWM vs IBIC | |
| iShares Diversified Commodity Swap UCITS ETF | -0.14 | -0.04 | -0.03 | 77 | Commodities | EWM vs ISCMF | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | 0.08 | 0.08 | 95 | Inflation-Protected Bonds | EWM vs IBID |
See all 2074 diversifiers for EWM
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