Looking to diversify beyond CEMB? The ETFs below have the lowest correlation with CEMB — 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 CEMB.
Best Diversifiers for CEMB
217 ETFs have low correlation with CEMB (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.37 | -0.37 | 63 | Leveraged Currency | CEMB vs YCS | |
| United States Gasoline Fund LP | -0.34 | -0.11 | -0.04 | 55 | Oil & Gas | CEMB vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.19 | -0.19 | 97 | Inflation-Protected Bonds | CEMB vs RBIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.05 | -0.05 | 75 | Commodities | CEMB vs FAAR | |
| VanEck Commodity Strategy ETF | -0.17 | -0.01 | 0.02 | 57 | Commodities | CEMB vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CEMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CEMB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.24 | 0.23 | 0.28 | 72 | Technology | |
| Apple Inc | 0.26 | 0.26 | 0.26 | 87 | Technology |
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