Looking to diversify beyond EWQ? The ETFs below have historically moved differently from EWQ, 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 EWQ
258 ETFs have low correlation with EWQ (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.25 | -0.20 | 59 | Leveraged Currency | EWQ vs YCS | |
| Invesco DB Energy Fund | -0.36 | -0.12 | 0.04 | 53 | Oil & Gas | EWQ vs DBE | |
| United States Gasoline Fund, LP | -0.34 | -0.12 | 0.03 | 74 | Oil & Gas | EWQ vs UGA | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | -0.30 | -0.30 | 63 | Derivative Income | EWQ vs WNTR | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.02 | 0.11 | 50 | Commodities | EWQ vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWQ, 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 Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.08 | 0.12 | 0.27 | 67 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.01 | 0.16 | 0.20 | 82 | Energy | |
| Verizon Communications Inc. | 0.03 | 0.12 | 0.19 | 63 | Communication Services | |
| Pfizer Inc. | 0.30 | 0.29 | 0.30 | 62 | Healthcare | |
| JPMorgan Chase & Co. | 0.36 | 0.36 | 0.47 | 72 | Financial Services |
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