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
333 ETFs have low correlation with EWQ (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.24 | -0.19 | 61 | Leveraged Currency | EWQ vs YCS | |
| Invesco DB Energy Fund | -0.40 | -0.10 | 0.06 | 71 | Oil & Gas | EWQ vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.08 | 0.05 | 65 | Oil & Gas | EWQ vs BNO | |
| United States Oil Fund LP | -0.37 | -0.09 | 0.06 | 66 | Oil & Gas | EWQ vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.36 | — | — | 56 | Derivative Income | EWQ vs USOY |
See all 2116 diversifiers for EWQ
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