Looking to diversify beyond EWV? The ETFs below have the lowest correlation with EWV — 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 EWV.
Best Diversifiers for EWV
2067 ETFs have low correlation with EWV (below 0.3), 2034 of which are negatively correlated. The least correlated is iShares MSCI Japan ETF (EWJ) (Japan Equities) with a 1Y correlation of -0.98, roughly unchanged from -0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan ETF | -0.98 | -0.98 | -0.99 | 63 | Japan Equities | EWV vs EWJ | |
| JPMorgan BetaBuilders Japan ETF | -0.98 | -0.98 | -0.99 | 60 | Japan Equities | EWV vs BBJP | |
| Franklin FTSE Japan ETF | -0.97 | -0.98 | -0.98 | 64 | Japan Equities | EWV vs FLJP | |
| Goldman Sachs ActiveBeta Japan Equity ETF | -0.97 | -0.98 | -0.98 | 56 | Japan Equities | EWV vs GSJY | |
| ProShares Ultra MSCI Japan | -0.97 | -0.98 | -0.98 | 57 | Leveraged Equities, Japan Equities | EWV vs EZJ |
See all 2068 diversifiers for EWV
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Diversification Analysis
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