Looking to diversify beyond EDZ? The ETFs below have the lowest correlation with EDZ — 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 EDZ.
Best Diversifiers for EDZ
2068 ETFs have low correlation with EDZ (below 0.3), 2027 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.
| 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 | 83 | Leveraged Equities | EDZ vs EDC | |
| iShares MSCI Emerging Markets ETF | -0.99 | -0.99 | -0.99 | 82 | Emerging Markets Diversified | EDZ vs EEM | |
| iShares Core MSCI Emerging Markets ETF | -0.99 | -0.99 | -0.99 | 79 | Emerging Markets Diversified | EDZ vs IEMG | |
| ProShares Ultra MSCI Emerging Markets | -0.99 | -0.99 | -0.99 | 80 | Leveraged Equities | EDZ vs EET | |
| Dimensional Emerging Core Equity Market ETF | -0.99 | -0.99 | -0.99 | 81 | Emerging Markets Equities | EDZ vs DFAE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDZ and solid risk/return profiles. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.62, roughly unchanged from -0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.62 | -0.55 | -0.56 | 98 | Technology |
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