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25 Stocks and 75 ETFs for diversifying EWA (ISHARES MSCI AUSTRALIA ETF)

The least correlated asset to EWA (ISHARES MSCI AUSTRALIA ETF) is ETF EFZ (ProShares Short MSCI EAFE -1X Shares). The correlation is -0.854.

Stocks that lowly correlated with EWA

SymbolName
Market cap
SectorIndustry
Correlation
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.72
LHAILinkhome Holdings Inc$13MReal EstateReal Estate Services-0.67
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.58
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.56
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.54
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.53
SIShoulder Innovations Inc$370MN/AN/A-0.51
TACHTitan Acquisition Corp - Class A$287MFinancial ServicesShell Companies-0.51
SOCAUSolarius Capital Acquisition Corp Units$178MFinancial ServicesShell Companies-0.50
MAMKMaxsMaking Inc - Class A$216MIndustrialsConglomerates-0.50
PROPPrairie Operating Co. Common Stock$72MEnergyOil & Gas E&p-0.49
RALRALSTON PURINA CO$6.99BTechnologyElectronic Components-0.48
MHMcGraw Hill Inc$2.44BConsumer DefensiveEducation & Training Services-0.47
TVAIRThayer Ventures Acquisition Corporation II Rights$184KN/AN/A-0.47
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$184MFinancial ServicesShell Companies-0.45
LGPSLogProstyle Inc$19MIndustrialsConglomerates-0.44
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$54MFinancial ServicesShell Companies-0.44
OYSEOyster Enterprises II Acquisition Corp$267MFinancial ServicesShell Companies-0.43
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.43
SDHIRSiddhi Acquisition Corp$1.73MN/AN/A-0.43
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.42
OMDAOmada Health Inc$1.01BHealthcareHealth Information Services-0.41
NMAXNewsmax Inc Class B$1.15BCommunication ServicesBroadcasting-0.40
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.39
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.39

ETFs that lowly correlated with EWA

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.85
EFUProShares UltraShort MSCI EAFE -2x Shares$1.30MN/AOct 23, 2007-0.85
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9.30M6.22%Jul 10, 2018-0.83
MYYPROSHARES SHORT MIDCAP400 $2.60M0.95%Jun 19, 2006-0.83
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$16MN/ANov 7, 2019-0.83
SIJProShares UltraShort Industrials -2x Shares$6.30MN/AJan 30, 2007-0.82
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.82
MZZPROSHARES ULTRASHORT MIDCAP400 $701KN/AJul 11, 2006-0.82
SJBPROSHARES SHORT HIGH YIELD $67M0.95%Mar 21, 2011-0.81
SBBProShares Short SmallCap600 -1x Shares$3.60M0.95%Jan 23, 2007-0.81
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.80
SEFProShares Short Financials -1x Shares$15M0.95%Jun 10, 2008-0.80
TWMProShares UltraShort Russell2000 -2x Shares$51MN/AJan 23, 2007-0.80
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.40MN/AJan 23, 2007-0.80
DOGPROSHARES SHORT DOW30 $109M0.95%Jun 19, 2006-0.80
RWMPROSHARES SHORT RUSSELL2000 $119M0.95%Jan 23, 2007-0.79
DXDPROSHARES ULTRASHORT DOW30 $48MN/AJul 11, 2006-0.79
SKFProShares UltraShort Financials -2x Shares$15MN/AMay 23, 2007-0.78
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.78
SHProShares Short S&P500 -1x Shares$981M0.89%Jun 19, 2006-0.78
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $198M0.48%Jun 8, 2016-0.78
REKPROSHARES SHORT REAL ESTATE $11M0.95%Mar 16, 2010-0.77
SDSProShares UltraShort S&P500 -2x Shares$433MN/AJul 11, 2006-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $63M3.62%Jan 26, 2011-0.76
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.76
EUMProShares Short MSCI Emerging Markets -1x Shares$10M0.95%Oct 30, 2007-0.75
SDOWProShares UltraPro Short Dow30 -3x Shares$177MN/AFeb 9, 2010-0.74
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$3.20MN/AOct 30, 2007-0.74
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.72
EWVProShares UltraShort MSCI Japan -2x Shares$6.50MN/ANov 6, 2007-0.71
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $282MN/AJul 14, 2025-0.69
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$36M0.89%Jan 17, 2018-0.68
SZKProShares UltraShort Consumer Staples$4.80MN/AJan 30, 2007-0.68
VIXMProShares VIX Mid-Term Futures ETF$45M0.92%Jan 3, 2011-0.68
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.68
METDDIREXION DAILY META BEAR 1X SHARES $7.50M1.02%Jun 5, 2024-0.67
SCCProShares UltraShort Consumer Discretionary$5.90MN/AJan 30, 2007-0.67
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.66
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $28MN/ADec 17, 2008-0.64
SMDDProShares UltraPro Short MidCap400 -3x Shares$2.10MN/AFeb 9, 2010-0.64
TAILCAMBRIA TAIL RISK ETF $151M0.59%Apr 5, 2017-0.63
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.10MN/AJun 16, 2009-0.63
DUGProShares UltraShort Energy$30MN/AJan 30, 2007-0.62
PSQProShares Short QQQ -1x Shares$658M0.95%Jun 19, 2006-0.61
DRIPDIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 2X SHARES $174MN/AMay 28, 2015-0.61
SPXUProShares UltraPro Short S&P 500$463MN/AJun 23, 2009-0.59
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $79M0.79%Jun 28, 2024-0.57
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $52MN/ANov 6, 2008-0.57
SRTYProShares UltraPro Short Russell2000 -3x Shares$72MN/AFeb 9, 2010-0.56
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $276M1.40%Sep 13, 2011-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $7.20MN/AJan 3, 2024-0.54
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $7.30MN/ANov 7, 2019-0.54
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $380M0.51%Dec 18, 2013-0.54
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$1.50BN/ANov 24, 2008-0.53
WTIDBank of Montreal$15MN/AFeb 16, 2023-0.53
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$77MN/AMay 28, 2015-0.52
OILDBank of Montreal$45MN/ANov 8, 2021-0.51
RXDProShares UltraShort Health Care -2x Shares$5.30MN/AJan 30, 2007-0.50
SDPProShares UltraShort Utilities -2x Shares$4.40MN/AJan 30, 2007-0.50
UVIX2x Long VIX Futures ETF$411MN/AMar 28, 2022-0.50
REWProShares UltraShort Technology -2x Shares$2.50MN/AJan 30, 2007-0.50
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $34MN/AJul 16, 2009-0.48
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.40MN/AApr 6, 2010-0.48
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.10M1.05%Jul 23, 2024-0.48
MSFWROUNDHILL MSFT WEEKLYPAY ETF $34MN/AJul 23, 2025-0.44
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.43
ELILDirexion Daily LLY Bull 2X Shares$23MN/AMar 25, 2025-0.43
QIDPROSHARES ULTRASHORT QQQ $236MN/AJul 11, 2006-0.42
SARKTRADR 1X SHORT INNOVATION DAILY ETF $52M0.92%Nov 5, 2021-0.41
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $12M0.70%Jun 28, 2022-0.41
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.30MN/AMar 31, 2025-0.40
BRKUDIREXION DAILY BRKB BULL 2X SHARES $49MN/ADec 10, 2024-0.39
UUPInvesco DB US Dollar Index Bullish Fund$378M0.75%Feb 20, 2007-0.39
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $63MN/AAug 21, 2023-0.39
FXPProShares UltraShort FTSE China 50 -2x Shares$6.30MN/ANov 6, 2007-0.38