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24 Stocks and 76 ETFs for diversifying EWI (ISHARES MSCI ITALY ETF)

The least correlated asset to EWI (ISHARES MSCI ITALY ETF) is ETF EFZ (ProShares Short MSCI EAFE -1X Shares). The correlation is -0.8816.

Stocks that lowly correlated with EWI

SymbolName
Market cap
SectorIndustry
Correlation
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.77
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.68
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.62
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.55
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.52
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.52
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.45
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.44
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.41
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.41
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.39
GROBrazil Potash Corp$121MBasic MaterialsOther Industrial Metals & Mining-0.39
FIGFigma Inc - Class A$12BTechnologySoftware - Application-0.39
UMACUnusual Machines Inc$885MTechnologyComputer Hardware-0.38
TPETTrio Petroleum Corp$13MEnergyOil & Gas E&p-0.38
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.37
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.37
CSAICloudastructure Inc - Class A$7.44MTechnologySoftware - Infrastructure-0.37
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.36
OFSSOOFS Capital Corp$341MN/AN/A-0.36
LOARLoar Holdings Inc$6.61BIndustrialsAerospace & Defense-0.35
TURBTurbo Energy S.A.$7.58MTechnologySolar-0.35
LSHLakeside Holding Ltd$12MIndustrialsIntegrated Freight & Logistics-0.35
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with EWI

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.88
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.88
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.87
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.76
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.76
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.75
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.74
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.71
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.71
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.69
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.69
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.68
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.67
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.67
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.67
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.67
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.66
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.66
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.66
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.65
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.64
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.63
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.63
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.63
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.62
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.62
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.62
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.62
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.62
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.61
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.61
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.61
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.61
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.60
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.57
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.56
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.55
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.55
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.54
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.54
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.54
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.54
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.53
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.52
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.51
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.49
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.49
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.49
EUOProShares UltraShort Euro -2X Shares$35MN/ANov 24, 2008-0.49
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.48
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.48
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.48
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.47
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.47
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.47
YXIProShares Short FTSE China 50 -1x Shares$5M0.95%Mar 16, 2010-0.46
FXPProShares UltraShort FTSE China 50 -2x Shares$7.60MN/ANov 6, 2007-0.46
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.45
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.43
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.43
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.43
OILDBank of Montreal$53MN/ANov 8, 2021-0.43
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.43
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.42
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.42
YANGDIREXION DAILY FTSE CHINA BEAR 3X SHARES $104MN/ADec 3, 2009-0.41
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.41
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.41
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.40
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.39
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.39
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.36
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.36
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.35