Looking to diversify beyond EWO? The ETFs below have the lowest correlation with EWO — 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 EWO.
Best Diversifiers for EWO
345 ETFs have low correlation with EWO (below 0.3), 54 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.06 | 0.09 | 55 | Oil & Gas | EWO vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.29 | — | — | 97 | Inflation-Protected Bonds | EWO vs RBIL | |
| ProShares UltraShort Yen | -0.29 | -0.19 | -0.14 | 63 | Leveraged Currency | EWO vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | EWO vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | EWO vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWO and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.06 | 0.23 | 72 | Energy | |
| Chevron Corporation | -0.18 | 0.07 | 0.23 | 70 | Energy | |
| Walmart Inc. | -0.09 | 0.05 | 0.14 | 69 | Consumer Defensive | |
| WEC Energy Group, Inc. | -0.06 | 0.07 | 0.11 | 63 | Utilities | |
| The Coca-Cola Company | -0.03 | 0.08 | 0.19 | 74 | Consumer Defensive |
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Build a portfolio that complements EWO
Add EWO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EWO