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
433 ETFs have low correlation with EWO (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.47 | -0.52 | 51 | Currency | EWO vs UUP | |
| Invesco DB Energy Fund | -0.32 | -0.06 | 0.11 | 53 | Oil & Gas | EWO vs DBE | |
| ProShares Short Bitcoin ETF | -0.31 | -0.25 | -0.27 | 57 | Cryptocurrency | EWO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EWO vs SBIT | |
| United States Gasoline Fund LP | -0.29 | -0.06 | 0.09 | 78 | Oil & Gas | EWO vs UGA |
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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 -0.18, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | 0.05 | 0.23 | 75 | Energy | |
| Chevron Corporation | -0.12 | 0.05 | 0.20 | 70 | Energy | |
| WEC Energy Group, Inc. | -0.09 | 0.05 | 0.11 | 68 | Utilities | |
| Walmart Inc. | -0.09 | 0.04 | 0.14 | 71 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.06 | 0.18 | 83 | Consumer Defensive |
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Build a portfolio that complements EWO
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