Looking to diversify beyond EMDM? The ETFs below have the lowest correlation with EMDM — 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 EMDM.
Best Diversifiers for EMDM
368 ETFs have low correlation with EMDM (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.45 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.45 | — | 51 | Currency | EMDM vs UUP | |
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | -0.29 | 57 | Cryptocurrency | EMDM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EMDM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | EMDM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 68 | Inverse Equities, Leveraged Equities | EMDM vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMDM and solid risk/return profiles. The least correlated is Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.26 | 0.32 | 0.32 | 89 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.34 | 0.43 | 0.43 | 99 | Technology | |
| Coherent Corp. | 0.52 | 0.53 | — | 95 | Technology | |
| Sandisk Corporation | 0.53 | 0.49 | 0.49 | 100 | Technology | |
| Micron Technology, Inc. | 0.61 | 0.55 | — | 99 | Technology |
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Build a portfolio that complements EMDM
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