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
235 ETFs have low correlation with EMB (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.43 | -0.44 | 51 | Currency | EMB vs UUP | |
| Invesco DB Energy Fund | -0.42 | -0.17 | -0.04 | 53 | Oil & Gas | EMB vs DBE | |
| ProShares UltraShort Yen | -0.40 | -0.36 | -0.37 | 72 | Leveraged Currency | EMB vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.13 | -0.05 | 78 | Oil & Gas | EMB vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.08 | 0.00 | 51 | Commodities | EMB vs GSG |
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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 Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.10 | 0.12 | 0.13 | 72 | Energy | |
| Antero Midstream Corporation | -0.10 | 0.18 | 0.21 | 85 | Energy | |
| Walmart Inc. | -0.02 | 0.11 | 0.16 | 71 | Consumer Defensive | |
| Enbridge Inc. | -0.00 | 0.25 | 0.28 | 88 | Energy | |
| YPF Sociedad Anónima | 0.00 | 0.22 | 0.22 | 78 | Energy |
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