Looking to balance out your exposure to EMBJ? The ETFs below have the lowest correlation with EMBJ — they tend to move on their own, which can help reduce risk when EMBJ drops. The stock ideas table highlights individual companies that behave independently from EMBJ.
Best Diversifiers for EMBJ
2 ETFs have low correlation with EMBJ (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.15 | -0.04 | 100 | Government Bonds, Ultrashort Bond | EMBJ vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.03 | -0.03 | -0.00 | 100 | Government Bonds, Ultrashort Bond | EMBJ vs SHV | |
| WisdomTree Japan Opportunities ETF | 0.38 | 0.26 | 0.30 | 94 | Japan Equities, Asia Pacific Equities | EMBJ vs OPPJ | |
| iShares Semiconductor ETF | 0.38 | 0.32 | 0.40 | 91 | Semiconductors, Technology Equities | EMBJ vs SOXX | |
| Vanguard Information Technology ETF | 0.39 | 0.35 | 0.43 | 50 | Technology Equities | EMBJ vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMBJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMBJ and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | -0.04 | 0.10 | 78 | Energy | |
| Chevron Corporation | -0.18 | -0.01 | 0.11 | 74 | Energy | |
| Altria Group, Inc. | -0.13 | -0.02 | 0.09 | 80 | Consumer Defensive | |
| Cenovus Energy Inc. | -0.09 | 0.02 | 0.15 | 94 | Energy | |
| Targa Resources Corp. | -0.07 | 0.06 | 0.22 | 94 | Energy |
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