Looking to diversify beyond EDZ? The ETFs below have historically moved differently from EDZ, 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 EDZ
2223 ETFs have low correlation with EDZ (below 0.3), 2133 of which are negatively correlated. The least correlated is Direxion Daily Emerging Markets Bull 3X Shares (EDC) (Leveraged Equities) with a 1Y correlation of -0.99, roughly unchanged from -0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Emerging Markets Bull 3X Shares | -0.99 | -0.99 | -0.99 | 50 | Leveraged Equities | EDZ vs EDC | |
| iShares MSCI Emerging Markets ETF | -0.99 | -0.99 | -1.00 | 63 | Emerging Markets Equities | EDZ vs EEM | |
| iShares Core MSCI Emerging Markets ETF | -0.99 | -0.99 | -0.99 | 60 | Emerging Markets Equities | EDZ vs IEMG | |
| iShares ESG Aware MSCI EM ETF | -0.99 | -0.99 | -0.99 | 61 | Emerging Markets Equities | EDZ vs ESGE | |
| Dimensional Emerging Core Equity Market ETF | -0.99 | -0.99 | -0.99 | 59 | Emerging Markets Equities | EDZ vs DFAE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EDZ, 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 Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.67, roughly unchanged from -0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.67 | -0.58 | -0.57 | 95 | Technology |
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