Looking to diversify beyond EWV? The ETFs below have historically moved differently from EWV, 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 EWV
2153 ETFs have low correlation with EWV (below 0.3), 2085 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan ETF | -0.98 | -0.98 | -0.99 | 55 | Japan Equities, Asia Pacific Equities | EWV vs EWJ | |
| JPMorgan BetaBuilders Japan ETF | -0.98 | -0.98 | -0.99 | 53 | Japan Equities, Asia Pacific Equities | EWV vs BBJP | |
| Franklin FTSE Japan ETF | -0.97 | -0.98 | -0.98 | 56 | Japan Equities, Asia Pacific Equities | EWV vs FLJP | |
| Goldman Sachs ActiveBeta Japan Equity ETF | -0.97 | -0.98 | -0.98 | 53 | Japan Equities, Asia Pacific Equities | EWV vs GSJY | |
| iShares JPX-Nikkei 400 ETF | -0.97 | -0.97 | -0.98 | 56 | Japan Equities, Asia Pacific Equities | EWV vs JPXN |
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