Looking to diversify beyond EWT? The ETFs below have the lowest correlation with EWT — 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 EWT.
Best Diversifiers for EWT
415 ETFs have low correlation with EWT (below 0.3), 91 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.02 | 0.07 | 66 | Oil & Gas | EWT vs USO | |
| Invesco DB Energy Fund | -0.30 | -0.02 | 0.08 | 71 | Oil & Gas | EWT vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.01 | 0.08 | 65 | Oil & Gas | EWT vs BNO | |
| United States Gasoline Fund LP | -0.27 | -0.02 | 0.07 | 71 | Oil & Gas | EWT vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | EWT vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWT and solid risk/return profiles. The least correlated is Millicom International Cellular S.A. (TIGO) (Communication Services) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | 0.08 | 0.22 | 0.29 | 97 | Communication Services | |
| Elbit Systems Ltd | 0.12 | 0.14 | 0.22 | 90 | Industrials | |
| Kodiak Gas Services Inc. | 0.16 | 0.19 | 0.19 | 92 | Energy | |
| Northwest Pipe Company | 0.38 | 0.35 | 0.31 | 98 | Industrials | |
| Ituran Location and Control Ltd. | 0.39 | 0.34 | 0.32 | 89 | Technology |
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