Looking to diversify beyond EWO? The ETFs below have historically moved differently from EWO, 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 EWO
490 ETFs have low correlation with EWO (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.25 | — | 51 | Cryptocurrency | EWO vs BITI | |
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.10 | 66 | Oil & Gas | EWO vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | EWO vs WNTR | |
| United States Gasoline Fund, LP | -0.29 | -0.07 | 0.08 | 83 | Oil & Gas | EWO vs UGA | |
| Invesco DB Oil Fund | -0.27 | -0.05 | 0.12 | 51 | Oil & Gas | EWO vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWO, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.19, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.19 | 0.05 | 0.21 | 85 | Energy | |
| Chevron Corporation | -0.15 | 0.03 | 0.19 | 79 | Energy | |
| W. R. Berkley Corporation | -0.11 | 0.04 | 0.21 | 53 | Financial Services | |
| Walmart Inc. | -0.11 | 0.03 | 0.13 | 60 | Consumer Defensive | |
| The Coca-Cola Company | -0.10 | 0.05 | 0.17 | 87 | Consumer Defensive |
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