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
360 ETFs have low correlation with EMDM (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.21 | — | 63 | Leveraged Currency | EMDM vs YCS | |
| United States Oil Fund LP | -0.32 | -0.01 | — | 66 | Oil & Gas | EMDM vs USO | |
| Invesco DB Energy Fund | -0.31 | -0.01 | — | 71 | Oil & Gas | EMDM vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.00 | — | 65 | Oil & Gas | EMDM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | EMDM vs USOY |
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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 0.28, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.28 | 0.33 | — | 86 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.31 | 0.41 | — | 99 | Technology | |
| Sandisk Corp | 0.46 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.56 | 0.53 | — | 99 | Technology | |
| Teradyne, Inc. | 0.59 | 0.57 | — | 98 | Technology |
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