Looking to diversify beyond EWS? The ETFs below have the lowest correlation with EWS — 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 EWS.
Best Diversifiers for EWS
404 ETFs have low correlation with EWS (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.41 | -0.44 | 51 | Currency | EWS vs UUP | |
| ProShares Short Bitcoin ETF | -0.32 | -0.26 | -0.29 | 57 | Cryptocurrency | EWS vs BITI | |
| ProShares UltraShort Yen | -0.32 | -0.24 | -0.19 | 72 | Leveraged Currency | EWS vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EWS vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 60 | Inverse Equities | EWS vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWS and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.09, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.09 | 0.03 | 0.10 | 57 | Communication Services | |
| Duke Energy Corporation | -0.06 | 0.06 | 0.11 | 66 | Utilities | |
| Equinor ASA | -0.06 | 0.13 | 0.19 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.02 | 0.10 | 0.20 | 62 | Energy | |
| Enterprise Products Partners L.P. | -0.01 | 0.18 | 0.27 | 87 | Energy |
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