Looking to diversify beyond EMBE.L? The ETFs below have the lowest correlation with EMBE.L — 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 EMBE.L.
Best Diversifiers for EMBE.L
4 ETFs have low correlation with EMBE.L (below 0.3), 0 of which are negatively correlated. The least correlated is UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (EMLO.L) (Emerging Markets Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced ... | 0.22 | 0.27 | 0.22 | 58 | Emerging Markets Bonds | EMBE.L vs EMLO.L | |
| SPDR MSCI Europe Utilities UCITS ETF | 0.24 | 0.35 | 0.34 | 57 | Utilities Equities | EMBE.L vs UTIL.L | |
| JPMorgan Nasdaq Equity Premium Income Active UCITS... | 0.29 | 0.29 | 0.29 | 77 | Nasdaq-100, Derivative Income | EMBE.L vs JEPQ.L | |
| UBS ETF (LU) Bloomberg USD Emerging Markets Sovere... | 0.30 | 0.47 | 0.52 | 71 | Emerging Markets Bonds | EMBE.L vs SBEM.L | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.30 | 0.32 | 0.31 | 54 | Emerging Markets Bonds | EMBE.L vs EMGB.L |
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