Looking to balance out your exposure to EMA? The ETFs below have historically moved differently from EMA, 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 EMA
3 ETFs have low correlation with EMA (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.21 | — | — | 54 | Nasdaq-100 | EMA vs QQQ | |
| WisdomTree International LargeCap Dividend Fund | -0.03 | — | — | 75 | Foreign Large Cap Equities, Dividend | EMA vs DOL | |
| Alerian MLP ETF | 0.11 | — | — | 55 | MLPs | EMA vs AMLP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMA, 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 Compass, Inc. (COMP) (Technology) with a 1Y correlation of -0.17, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Compass, Inc. | -0.17 | -0.15 | -0.15 | 68 | Technology | |
| Seagate Technology plc | -0.13 | -0.13 | -0.13 | 99 | Technology | |
| Royal Bank of Canada | -0.11 | — | — | 98 | Financial Services | |
| Corcept Therapeutics Incorporated | -0.03 | -0.03 | -0.03 | 67 | Healthcare | |
| The Toronto-Dominion Bank | -0.03 | 0.01 | 0.01 | 98 | Financial Services |
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