Looking to diversify beyond EWQ? The ETFs below have the lowest correlation with EWQ — 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 EWQ.
Best Diversifiers for EWQ
270 ETFs have low correlation with EWQ (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.24 | -0.19 | 72 | Leveraged Currency | EWQ vs YCS | |
| Invesco DB Energy Fund | -0.35 | -0.11 | 0.05 | 57 | Oil & Gas | EWQ vs DBE | |
| United States Gasoline Fund LP | -0.30 | -0.11 | 0.04 | 82 | Oil & Gas | EWQ vs UGA | |
| ProShares Short Bitcoin ETF | -0.29 | -0.29 | — | 53 | Cryptocurrency | EWQ vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 65 | Inverse Equities, Leveraged Equities | EWQ vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWQ and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.05 | 0.15 | 0.29 | 76 | Energy | |
| Verizon Communications Inc. | 0.02 | 0.12 | 0.19 | 57 | Communication Services | |
| JPMorgan Chase & Co. | 0.33 | 0.35 | 0.47 | 71 | Financial Services | |
| Citigroup Inc. | 0.37 | 0.39 | 0.50 | 89 | Financial Services | |
| Mitsubishi UFJ Financial Group, Inc. | 0.41 | 0.37 | 0.42 | 94 | Financial Services |
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