Looking to diversify beyond EWP? The ETFs below have the lowest correlation with EWP — 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 EWP.
Best Diversifiers for EWP
285 ETFs have low correlation with EWP (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.27 | -0.19 | 63 | Leveraged Currency | EWP vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.10 | 0.04 | 55 | Oil & Gas | EWP vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.30 | — | — | 97 | Inflation-Protected Bonds | EWP vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | — | — | 98 | Inflation-Protected Bonds | EWP vs IBIC | |
| VanEck Commodity Strategy ETF | -0.15 | 0.03 | — | 57 | Commodities | EWP vs PIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWP and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.17, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.17 | 0.03 | 0.17 | 91 | Energy | |
| Scorpio Tankers Inc. | -0.03 | 0.05 | 0.12 | 91 | Energy | |
| Welltower Inc. | 0.07 | 0.23 | 0.31 | 86 | Real Estate | |
| Nabors Industries Ltd. | 0.13 | 0.18 | 0.28 | 94 | Energy | |
| Elbit Systems Ltd | 0.13 | 0.17 | 0.23 | 84 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EWP
Add EWP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EWP