Looking to diversify beyond EMB? The ETFs below have the lowest correlation with EMB — 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 EMB.
Best Diversifiers for EMB
264 ETFs have low correlation with EMB (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.15 | -0.04 | 71 | Oil & Gas | EMB vs DBE | |
| United States Oil Fund LP | -0.43 | -0.14 | -0.05 | 66 | Oil & Gas | EMB vs USO | |
| ProShares UltraShort Yen | -0.42 | -0.37 | -0.37 | 63 | Leveraged Currency | EMB vs YCS | |
| United States Brent Oil Fund LP | -0.42 | -0.14 | -0.05 | 65 | Oil & Gas | EMB vs BNO | |
| Invesco DB Oil Fund | -0.41 | -0.13 | -0.03 | 65 | Oil & Gas | EMB vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMB and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.10 | 0.20 | 0.21 | 64 | Energy | |
| Walmart Inc. | 0.03 | 0.14 | 0.17 | 59 | Consumer Defensive | |
| Target Corporation | 0.13 | 0.23 | 0.28 | 72 | Consumer Defensive | |
| W. P. Carey Inc. | 0.16 | 0.32 | 0.32 | 79 | Real Estate | |
| NVIDIA Corporation | 0.20 | 0.26 | 0.33 | 82 | Technology |
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