Looking to diversify beyond EWU? The ETFs below have the lowest correlation with EWU — 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 EWU.
Best Diversifiers for EWU
326 ETFs have low correlation with EWU (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.27 | -0.20 | 67 | Leveraged Currency | EWU vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.02 | 0.16 | 71 | Oil & Gas | EWU vs DBE | |
| United States Oil Fund LP | -0.27 | -0.01 | 0.15 | 66 | Oil & Gas | EWU vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.00 | 0.15 | 65 | Oil & Gas | EWU vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | -0.04 | -0.04 | 55 | Derivative Income | EWU vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWU and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.26, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.26 | 0.28 | 0.31 | 58 | Consumer Cyclical | |
| Apple Inc | 0.29 | 0.29 | 0.38 | 90 | Technology |
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