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
511 ETFs have low correlation with EWY (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | -0.32 | 57 | Cryptocurrency | EWY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EWY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 68 | Inverse Equities, Leveraged Equities | EWY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 60 | Inverse Equities | EWY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | EWY vs WNTR |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.33, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.33 | -0.08 | 0.03 | 53 | Industrials | |
| AXIS Capital Holdings Limited | -0.27 | -0.03 | 0.11 | 72 | Financial Services | |
| Altria Group, Inc. | -0.27 | -0.07 | 0.03 | 81 | Consumer Defensive | |
| Chubb Limited | -0.26 | -0.06 | 0.07 | 86 | Financial Services | |
| Duke Energy Corporation | -0.21 | -0.05 | 0.02 | 66 | Utilities |
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Build a portfolio that complements EWY
Add EWY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EWY