Looking to balance out your exposure to EME? The ETFs below have historically moved differently from EME, 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 EME
8 ETFs have low correlation with EME (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.18, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.18 | -0.07 | -0.01 | 100 | Ultrashort Bond | EME vs SGOV | |
| State Street Energy Select Sector SPDR ETF | -0.03 | 0.14 | 0.24 | 69 | Energy Equities | EME vs XLE | |
| PIMCO Enhanced Short Maturity Active ETF | -0.00 | 0.04 | 0.10 | 100 | Ultrashort Bond | EME vs MINT | |
| Schwab U.S. Dividend Equity ETF | 0.07 | 0.22 | 0.40 | 95 | Dividend | EME vs SCHD | |
| Vanguard Health Care ETF | 0.08 | 0.22 | 0.31 | 64 | Health & Biotech Equities | EME vs VHT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EME, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.29 | -0.14 | 0.04 | 86 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.25 | -0.12 | 0.03 | 53 | Utilities | |
| Dropbox, Inc. | -0.19 | 0.12 | 0.22 | 65 | Technology | |
| Arch Capital Group Ltd. | -0.17 | 0.03 | 0.20 | 60 | Financial Services | |
| Verizon Communications Inc. | -0.17 | -0.10 | 0.03 | 63 | Communication Services |
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