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
322 ETFs have low correlation with EWP (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 -0.53, roughly unchanged from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.53 | -0.55 | -0.55 | 51 | Currency | EWP vs UUP | |
| ProShares UltraShort Yen | -0.35 | -0.27 | -0.19 | 72 | Leveraged Currency | EWP vs YCS | |
| ProShares Short Bitcoin ETF | -0.34 | -0.26 | -0.28 | 57 | Cryptocurrency | EWP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EWP vs SBIT | |
| Invesco DB Energy Fund | -0.33 | -0.13 | 0.04 | 53 | Oil & Gas | EWP vs DBE |
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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 -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.16 | 0.02 | 0.16 | 95 | Energy | |
| Scorpio Tankers Inc. | 0.02 | 0.04 | 0.11 | 89 | Energy | |
| Omega Healthcare Investors, Inc. | 0.02 | 0.16 | 0.25 | 89 | Real Estate | |
| Welltower Inc. | 0.06 | 0.21 | 0.30 | 92 | Real Estate | |
| Coca-Cola Consolidated, Inc. | 0.11 | 0.15 | 0.22 | 83 | Consumer Defensive |
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Build a portfolio that complements EWP
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