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
367 ETFs have low correlation with EWT (below 0.3), 47 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.24 | -0.02 | 0.07 | 55 | Oil & Gas | EWT vs UGA | |
| ProShares UltraShort Yen | -0.23 | -0.15 | -0.12 | 63 | Leveraged Currency | EWT vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | EWT vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.08 | -0.04 | 100 | Government Bonds, Ultrashort Bond | EWT vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | EWT vs RBIL |
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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 0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | 0.07 | 0.21 | 0.28 | 98 | Communication Services | |
| Elbit Systems Ltd | 0.14 | 0.14 | 0.22 | 84 | Industrials | |
| Kodiak Gas Services Inc. | 0.20 | 0.20 | 0.20 | 96 | Energy | |
| Apple Inc | 0.27 | 0.29 | 0.37 | 87 | Technology | |
| Mitsubishi UFJ Financial Group, Inc. | 0.36 | 0.36 | 0.37 | 86 | Financial Services |
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Build a portfolio that complements EWT
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