Looking to diversify beyond EWU? The ETFs below have historically moved differently from EWU, 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 EWU
282 ETFs have low correlation with EWU (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.28 | -0.21 | 59 | Leveraged Currency | EWU vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | -0.26 | -0.26 | 63 | Derivative Income | EWU vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.13 | 53 | Oil & Gas | EWU vs DBE | |
| United States Gasoline Fund, LP | -0.20 | -0.03 | 0.12 | 74 | Oil & Gas | EWU vs UGA | |
| TCW AAA CLO ETF | -0.15 | -0.07 | -0.07 | 99 | CLO | EWU vs ACLO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWU, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.30, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.30 | 0.29 | 0.38 | 90 | Technology |
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