Looking to diversify beyond EWW? The ETFs below have historically moved differently from EWW, 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 EWW
556 ETFs have low correlation with EWW (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, down from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.26 | — | 61 | Cryptocurrency | EWW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EWW vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 52 | Inverse Equities | EWW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 61 | Inverse Equities, Leveraged Equities | EWW vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 75 | Derivative Income | EWW vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EWW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.11 | 0.20 | 84 | Energy | |
| Berkshire Hathaway Inc. | 0.00 | 0.15 | 0.27 | 61 | Financial Services | |
| CVS Health Corporation | 0.07 | 0.12 | 0.16 | 94 | Healthcare | |
| Lockheed Martin Corporation | 0.10 | 0.04 | 0.10 | 80 | Industrials | |
| Palo Alto Networks, Inc. | 0.10 | 0.13 | 0.20 | 88 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EWW
Add EWW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EWW