Looking to diversify beyond EMDM? The ETFs below have historically moved differently from EMDM, 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 EMDM
468 ETFs have low correlation with EMDM (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.30 | — | 61 | Cryptocurrency | EMDM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EMDM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | EMDM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | EMDM vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.36 | -0.36 | 75 | Derivative Income | EMDM vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMDM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.28, roughly unchanged from 0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.28 | 0.32 | — | 92 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.39 | 0.44 | — | 98 | Technology | |
| Coherent Corp. | 0.56 | 0.54 | — | 87 | Technology | |
| Sandisk Corporation | 0.57 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.65 | 0.57 | — | 99 | Technology |
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