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
475 ETFs have low correlation with EWM (below 0.3), 35 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 60 | Inverse Equities, Leveraged Equities | EWM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 53 | Inverse Equities | EWM vs SMST | |
| ProShares UltraShort Yen | -0.28 | -0.21 | -0.19 | 75 | Leveraged Currency | EWM vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | EWM vs WNTR | |
| United States Gasoline Fund LP | -0.19 | -0.08 | 0.02 | 72 | Oil & Gas | EWM vs UGA |
See all 2059 diversifiers for EWM
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