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
1 ETFs have low correlation with EMBJ (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.03 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | EMBJ vs SHV | |
| YieldMax NVDA Option Income Strategy ETF | 0.32 | 0.26 | — | 52 | Derivative Income, Options Trading | EMBJ vs NVDY | |
| iShares Semiconductor ETF | 0.38 | 0.33 | 0.40 | 97 | Semiconductors, Technology Equities | EMBJ vs SOXX | |
| Vanguard S&P 500 ETF | 0.43 | 0.40 | 0.47 | 70 | S&P 500 | EMBJ vs VOO |
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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.17 | 0.01 | 0.14 | 83 | Energy | |
| Exxon Mobil Corporation | -0.15 | -0.01 | 0.12 | 85 | Energy | |
| Altria Group, Inc. | -0.09 | 0.01 | 0.11 | 69 | Consumer Defensive | |
| Cenovus Energy Inc. | -0.06 | 0.05 | 0.18 | 95 | Energy | |
| Johnson & Johnson | -0.05 | 0.01 | 0.03 | 92 | Healthcare |
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