Looking to diversify beyond EWY? The ETFs below have the lowest correlation with EWY — 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 EWY.
Best Diversifiers for EWY
408 ETFs have low correlation with EWY (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.18 | -0.18 | 63 | Leveraged Currency | EWY vs YCS | |
| United States Gasoline Fund LP | -0.14 | -0.02 | 0.08 | 55 | Oil & Gas | EWY vs UGA | |
| Texas Capital Government Money Market ETF | -0.14 | -0.08 | -0.08 | 100 | Money Market | EWY vs MMKT | |
| Brookstone Ultra-Short Bond ETF | -0.13 | -0.06 | -0.06 | 98 | Ultrashort Bond | EWY vs BAMU | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.04 | -0.01 | 100 | Ultrashort Bond | EWY vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.03 | 0.05 | 72 | Consumer Defensive | |
| Chubb Limited | -0.19 | -0.02 | 0.09 | 69 | Financial Services | |
| Duke Energy Corporation | -0.15 | -0.02 | 0.02 | 62 | Utilities | |
| The Coca-Cola Company | -0.12 | 0.02 | 0.10 | 74 | Consumer Defensive | |
| PepsiCo, Inc. | -0.11 | 0.01 | 0.08 | 61 | Consumer Defensive |
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Build a portfolio that complements EWY
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