Looking to diversify beyond EMBX? The ETFs below have historically moved differently from EMBX, 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 EMBX
278 ETFs have low correlation with EMBX (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.39 | -0.38 | 56 | Leveraged Currency | EMBX vs YCS | |
| United States Oil Fund LP | -0.42 | -0.17 | -0.07 | 55 | Oil & Gas | EMBX vs USO | |
| United States Brent Oil Fund LP | -0.42 | -0.17 | -0.07 | 52 | Oil & Gas | EMBX vs BNO | |
| Invesco DB Energy Fund | -0.42 | -0.16 | -0.06 | 72 | Oil & Gas | EMBX vs DBE | |
| United States Gasoline Fund, LP | -0.38 | -0.13 | -0.05 | 87 | Oil & Gas | EMBX vs UGA |
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