Looking to diversify beyond EWS? The ETFs below have historically moved differently from EWS, 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 EWS
458 ETFs have low correlation with EWS (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.26 | — | 61 | Cryptocurrency | EWS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EWS vs SBIT | |
| ProShares UltraShort Yen | -0.33 | -0.24 | -0.19 | 56 | Leveraged Currency | EWS vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 52 | Inverse Equities | EWS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 61 | Inverse Equities, Leveraged Equities | EWS vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWS, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.08 | 0.04 | 0.10 | 56 | Utilities | |
| Equinor ASA | -0.07 | 0.12 | 0.18 | 86 | Energy | |
| Enterprise Products Partners L.P. | -0.06 | 0.13 | 0.22 | 89 | Energy | |
| Verizon Communications Inc. | -0.06 | 0.04 | 0.10 | 66 | Communication Services | |
| Occidental Petroleum Corporation | -0.05 | 0.08 | 0.19 | 70 | Energy |
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