Looking to diversify beyond EWT? The ETFs below have historically moved differently from EWT, 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 EWT
551 ETFs have low correlation with EWT (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.29 | — | 51 | Cryptocurrency | EWT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | EWT vs WNTR | |
| iShares U.S. Insurance ETF | -0.24 | -0.02 | 0.17 | 54 | Financials Equities | EWT vs IAK | |
| Invesco DB Energy Fund | -0.24 | -0.02 | 0.08 | 66 | Oil & Gas | EWT vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | EWT vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWT, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.18, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.18 | -0.06 | 0.01 | 96 | Healthcare | |
| Millicom International Cellular S.A. | 0.10 | 0.19 | 0.28 | 98 | Communication Services | |
| Pathward Financial, Inc. | 0.18 | 0.24 | 0.33 | 65 | Financial Services | |
| Elbit Systems Ltd. | 0.19 | 0.15 | 0.22 | 86 | Industrials | |
| Apple Inc | 0.21 | 0.27 | 0.36 | 90 | Technology |
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