Looking to diversify beyond EMBX? The ETFs below have the lowest correlation with EMBX — 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 EMBX.
Best Diversifiers for EMBX
250 ETFs have low correlation with EMBX (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.38 | -0.37 | 61 | Leveraged Currency | EMBX vs YCS | |
| United States Oil Fund LP | -0.40 | -0.14 | -0.05 | 66 | Oil & Gas | EMBX vs USO | |
| United States Brent Oil Fund LP | -0.39 | -0.13 | -0.05 | 65 | Oil & Gas | EMBX vs BNO | |
| Invesco DB Energy Fund | -0.39 | -0.13 | -0.04 | 71 | Oil & Gas | EMBX vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.38 | — | — | 56 | Derivative Income | EMBX vs USOY |
See all 2103 diversifiers for EMBX
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