Looking to balance out your exposure to EME? The ETFs below have the lowest correlation with EME — they tend to move on their own, which can help reduce risk when EME drops. The stock ideas table highlights individual companies that behave independently from EME.
Best Diversifiers for EME
4 ETFs have low correlation with EME (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.06 | 0.01 | 100 | Ultrashort Bond | EME vs SGOV | |
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.05 | 0.10 | 100 | Ultrashort Bond | EME vs MINT | |
| Invesco Ultra Short Duration ETF | 0.15 | 0.03 | 0.04 | 100 | Ultrashort Bond | EME vs GSY | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.27 | 0.44 | 80 | Dividend | EME vs SCHD | |
| Vanguard International High Dividend Yield ETF | 0.33 | 0.33 | 0.43 | 66 | Dividend, Foreign Large Cap Equities | EME vs VYMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EME and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | -0.10 | 0.09 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | -0.05 | 0.09 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.09 | 0.06 | 0.19 | 85 | Energy | |
| Cboe Global Markets, Inc. | -0.08 | -0.10 | 0.08 | 68 | Financial Services | |
| Murphy USA Inc. | -0.08 | 0.10 | 0.23 | 62 | Consumer Cyclical |
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