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
2050 ETFs have low correlation with EWV (below 0.3), 1998 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 | 65 | Japan Equities, Asia Pacific Equities | EWV vs EWJ | |
| JPMorgan BetaBuilders Japan ETF | -0.98 | -0.98 | -0.99 | 62 | Japan Equities, Asia Pacific Equities | EWV vs BBJP | |
| ProShares Ultra MSCI Japan | -0.97 | -0.98 | -0.98 | 56 | Japan Equities, Leveraged Equities, Asia Pacific Equities | EWV vs EZJ | |
| Franklin FTSE Japan ETF | -0.97 | -0.98 | -0.98 | 67 | Japan Equities, Asia Pacific Equities | EWV vs FLJP | |
| Goldman Sachs ActiveBeta Japan Equity ETF | -0.97 | -0.98 | -0.98 | 59 | Japan Equities, Asia Pacific Equities | EWV vs GSJY |
See all 2051 diversifiers for EWV
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Diversification Analysis
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