Looking to diversify beyond EWW? The ETFs below have the lowest correlation with EWW — 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 EWW.
Best Diversifiers for EWW
475 ETFs have low correlation with EWW (below 0.3), 36 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.29 | -0.29 | 60 | Inverse Equities, Leveraged Equities | EWW vs MSTZ | |
| ProShares UltraShort Yen | -0.28 | -0.16 | -0.14 | 75 | Leveraged Currency | EWW vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.30 | -0.30 | 53 | Inverse Equities | EWW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 65 | Derivative Income | EWW vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | EWW vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWW and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.04 | 0.11 | 0.20 | 71 | Energy | |
| CVS Health Corporation | 0.08 | 0.11 | 0.16 | 90 | Healthcare | |
| Elbit Systems Ltd | 0.10 | 0.11 | 0.17 | 84 | Industrials | |
| Palo Alto Networks, Inc. | 0.10 | 0.13 | 0.20 | 82 | Technology | |
| Lockheed Martin Corporation | 0.11 | 0.04 | 0.09 | 60 | Industrials |
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