Looking to diversify beyond CEMB? The ETFs below have historically moved differently from CEMB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CEMB
327 ETFs have low correlation with CEMB (below 0.3), 99 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.17 | -0.04 | 66 | Oil & Gas | CEMB vs DBE | |
| Invesco DB Oil Fund | -0.37 | -0.15 | -0.04 | 51 | Oil & Gas | CEMB vs DBO | |
| ProShares UltraShort Yen | -0.34 | -0.37 | -0.37 | 59 | Leveraged Currency | CEMB vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.10 | -0.01 | 61 | Commodities | CEMB vs GSG | |
| United States Gasoline Fund, LP | -0.32 | -0.13 | -0.04 | 83 | Oil & Gas | CEMB vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CEMB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.27, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.27 | 0.23 | 0.28 | 61 | Technology | |
| Apple Inc | 0.27 | 0.29 | 0.29 | 90 | Technology |
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