Looking to diversify beyond EMB? The ETFs below have historically moved differently from EMB, 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 EMB
276 ETFs have low correlation with EMB (below 0.3), 103 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.45 | -0.18 | -0.06 | 52 | Oil & Gas | EMB vs BNO | |
| United States Oil Fund LP | -0.45 | -0.18 | -0.06 | 55 | Oil & Gas | EMB vs USO | |
| Invesco DB Energy Fund | -0.43 | -0.18 | -0.05 | 72 | Oil & Gas | EMB vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.17 | -0.04 | 58 | Oil & Gas | EMB vs DBO | |
| United States Gasoline Fund LP | -0.40 | -0.15 | -0.05 | 87 | Oil & Gas | EMB vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMB, 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 Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.14, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.14 | 0.15 | 0.20 | 78 | Energy | |
| Walmart Inc. | -0.04 | 0.11 | 0.16 | 62 | Consumer Defensive | |
| YPF Sociedad Anónima | -0.02 | 0.19 | 0.22 | 76 | Energy | |
| Enbridge Inc. | -0.00 | 0.24 | 0.28 | 85 | Energy | |
| Transportadora de Gas del Sur S.A. | 0.09 | 0.21 | 0.20 | 53 | Energy |
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