Looking to diversify beyond EWZS? The ETFs below have the lowest correlation with EWZS — 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 EWZS.
Best Diversifiers for EWZS
382 ETFs have low correlation with EWZS (below 0.3), 46 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.41, down from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.35 | -0.30 | 51 | Currency | EWZS vs UUP | |
| ProShares Short Bitcoin ETF | -0.31 | -0.23 | -0.21 | 57 | Cryptocurrency | EWZS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.25 | -0.25 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EWZS vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.26 | -0.26 | 60 | Inverse Equities | EWZS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | EWZS vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EWZS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EWZS and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | 0.07 | 0.16 | 75 | Energy | |
| Hafnia Limited | 0.17 | 0.17 | 0.17 | 80 | Industrials | |
| International Seaways, Inc. | 0.21 | 0.15 | 0.18 | 97 | Energy | |
| BW LPG Limited | 0.22 | 0.16 | 0.15 | 86 | Industrials | |
| RTX Corporation | 0.27 | 0.19 | 0.25 | 81 | Industrials |
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Build a portfolio that complements EWZS
Add EWZS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EWZS