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24 Stocks and 76 ETFs for diversifying EWD (ISHARES MSCI SWEDEN ETF)

The least correlated asset to EWD (ISHARES MSCI SWEDEN ETF) is ETF EFZ (ProShares Short MSCI EAFE -1X Shares). The correlation is -0.9167.

Stocks that lowly correlated with EWD

SymbolName
Market cap
SectorIndustry
Correlation
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.59
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.56
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.52
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.51
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.51
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.51
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.49
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.48
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.47
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.47
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.47
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.47
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.47
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.44
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.42
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.41
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.41
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.40
CSAICloudastructure Inc - Class A$7.44MTechnologySoftware - Infrastructure-0.40
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.39
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.38
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.38
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.38
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with EWD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.92
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.91
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.91
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.78
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.78
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.78
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.77
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.76
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.76
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.76
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.75
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.75
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.75
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.75
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.74
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.74
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.73
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.73
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.73
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.72
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.71
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.70
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.70
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.70
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.69
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.68
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.68
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.68
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.67
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.67
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.66
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.65
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.64
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.64
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.63
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.63
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.63
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.62
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.60
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.60
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.60
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.59
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.58
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.57
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.56
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.56
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.55
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.54
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.54
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.53
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.52
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.52
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.51
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.51
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.51
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.51
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.49
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.48
FXPProShares UltraShort FTSE China 50 -2x Shares$7.60MN/ANov 6, 2007-0.48
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.48
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.48
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.47
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.47
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.46
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.46
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.46
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.44
EUOProShares UltraShort Euro -2X Shares$35MN/ANov 24, 2008-0.44
YANGDIREXION DAILY FTSE CHINA BEAR 3X SHARES $104MN/ADec 3, 2009-0.43
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.43
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.42
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.41
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.39
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.39
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.38