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
398 ETFs have low correlation with EWZS (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.17 | -0.12 | 63 | Leveraged Currency | EWZS vs YCS | |
| United States Brent Oil Fund LP | -0.21 | -0.01 | 0.07 | 65 | Oil & Gas | EWZS vs BNO | |
| United States Oil Fund LP | -0.21 | -0.01 | 0.08 | 66 | Oil & Gas | EWZS vs USO | |
| TCW AAA CLO ETF | -0.20 | — | — | 99 | CLO | EWZS vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.14 | -0.14 | 98 | Inflation-Protected Bonds | EWZS vs RBIL |
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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 Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.08 | 0.10 | 0.15 | 77 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.08 | 0.16 | 85 | Energy | |
| Hafnia Limited | 0.13 | 0.19 | 0.19 | 83 | Industrials | |
| International Seaways, Inc. | 0.17 | 0.18 | 0.19 | 95 | Energy | |
| BW LPG Limited | 0.18 | 0.17 | 0.15 | 90 | 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