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
316 ETFs have low correlation with EWS (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.24 | -0.18 | 63 | Leveraged Currency | EWS vs YCS | |
| United States Gasoline Fund LP | -0.24 | -0.05 | 0.04 | 55 | Oil & Gas | EWS vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | EWS vs IBIC | |
| TCW AAA CLO ETF | -0.14 | — | — | 99 | CLO | EWS vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | — | — | 97 | Inflation-Protected Bonds | EWS vs RBIL |
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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 | 0.04 | 0.11 | 66 | Communication Services | |
| Equinor ASA | -0.08 | 0.14 | 0.19 | 66 | Energy | |
| Duke Energy Corporation | -0.07 | 0.06 | 0.10 | 62 | Utilities | |
| Enterprise Products Partners L.P. | 0.00 | 0.19 | 0.27 | 85 | Energy | |
| The Coca-Cola Company | 0.01 | 0.12 | 0.19 | 74 | Consumer Defensive |
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Build a portfolio that complements EWS
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