Looking to diversify beyond EWMC? The ETFs below have the lowest correlation with EWMC — 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 EWMC.
Best Diversifiers for EWMC
397 ETFs have low correlation with EWMC (below 0.3), 49 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | EWMC vs MSTZ | |
| Direxion Daily MU Bull 2X Shares | -0.40 | -0.40 | -0.40 | 99 | Leveraged Equities, Semiconductors | EWMC vs MUU | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 60 | Inverse Equities | EWMC vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.39 | -0.39 | 70 | Derivative Income | EWMC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.36 | -0.32 | -0.36 | 57 | Cryptocurrency | EWMC vs BITI |
See all 2041 diversifiers for EWMC
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