Looking to diversify beyond EMCR? The ETFs below have the lowest correlation with EMCR — 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 EMCR.
Best Diversifiers for EMCR
423 ETFs have low correlation with EMCR (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | -0.35 | 57 | Cryptocurrency | EMCR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EMCR vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.39 | -0.40 | -0.44 | 51 | Currency | EMCR vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | EMCR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 60 | Inverse Equities | EMCR vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMCR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMCR and solid risk/return profiles. The least correlated is Novartis AG (NVS) (Healthcare) with a 1Y correlation of 0.13, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Novartis AG | 0.13 | 0.16 | 0.20 | 82 | Healthcare | |
| Powell Industries, Inc. | 0.53 | 0.38 | 0.35 | 96 | Industrials |
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