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
327 ETFs have low correlation with EWZS (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.17 | -0.12 | 63 | Leveraged Currency | EWZS vs YCS | |
| TCW AAA CLO ETF | -0.20 | — | — | 99 | CLO | EWZS vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | EWZS vs RBIL | |
| United States Gasoline Fund LP | -0.16 | 0.01 | 0.09 | 55 | Oil & Gas | EWZS vs UGA | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.10 | 0.00 | 100 | Government Bonds, Ultrashort Bond | EWZS vs BIL |
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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 -0.07, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.07 | 0.16 | 72 | Energy | |
| Hafnia Limited | 0.15 | 0.18 | 0.18 | 80 | Industrials | |
| International Seaways, Inc. | 0.19 | 0.17 | 0.19 | 97 | Energy | |
| BW LPG Limited | 0.22 | 0.18 | 0.16 | 86 | Industrials | |
| RTX Corporation | 0.27 | 0.19 | 0.25 | 73 | 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