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
461 ETFs have low correlation with EWY (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.18 | -0.18 | 63 | Leveraged Currency | EWY vs YCS | |
| United States Oil Fund LP | -0.26 | -0.03 | 0.08 | 66 | Oil & Gas | EWY vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.02 | 0.09 | 71 | Oil & Gas | EWY vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | EWY vs USOY | |
| United States Brent Oil Fund LP | -0.21 | -0.01 | 0.09 | 65 | Oil & Gas | EWY vs BNO |
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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 -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.00 | 0.07 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | -0.01 | 0.03 | 52 | Utilities | |
| Verizon Communications Inc. | -0.10 | 0.01 | 0.04 | 62 | Communication Services | |
| The Coca-Cola Company | -0.09 | 0.05 | 0.12 | 63 | Consumer Defensive | |
| Walmart Inc. | -0.09 | 0.05 | 0.11 | 59 | Consumer Defensive |
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