Looking to diversify beyond EMBD? The ETFs below have historically moved differently from EMBD, 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 EMBD
558 ETFs have low correlation with EMBD (below 0.3), 109 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.37, 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 | -0.37 | -0.15 | -0.06 | 52 | Oil & Gas | EMBD vs BNO | |
| United States Oil Fund LP | -0.36 | -0.15 | -0.05 | 55 | Oil & Gas | EMBD vs USO | |
| Invesco DB Energy Fund | -0.34 | -0.14 | -0.04 | 72 | Oil & Gas | EMBD vs DBE | |
| United States Gasoline Fund LP | -0.34 | -0.11 | -0.03 | 87 | Oil & Gas | EMBD vs UGA | |
| ProShares UltraShort Yen | -0.34 | -0.27 | -0.31 | 56 | Leveraged Currency | EMBD vs YCS |
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