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
457 ETFs have low correlation with EWT (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.29 | — | 53 | Cryptocurrency | EWT vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 56 | Inverse Equities | EWT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.34 | -0.34 | 65 | Inverse Equities, Leveraged Equities | EWT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | EWT vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.02 | 0.08 | 57 | Oil & Gas | EWT vs DBE |
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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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.16 | -0.06 | 0.02 | 97 | Healthcare | |
| Millicom International Cellular S.A. | 0.09 | 0.20 | 0.28 | 99 | Communication Services | |
| Elbit Systems Ltd | 0.16 | 0.14 | 0.22 | 82 | Industrials | |
| Kodiak Gas Services Inc. | 0.18 | 0.19 | — | 97 | Energy | |
| Meta Financial Group, Inc. | 0.19 | 0.25 | 0.34 | 54 | Financial Services |
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