Looking to diversify beyond EMET? The ETFs below have the lowest correlation with EMET — 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 EMET.
Best Diversifiers for EMET
454 ETFs have low correlation with EMET (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.17 | -0.17 | 63 | Leveraged Currency | EMET vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 98 | Inflation-Protected Bonds | EMET vs RBIL | |
| United States Brent Oil Fund LP | -0.20 | 0.10 | — | 65 | Oil & Gas | EMET vs BNO | |
| United States Oil Fund LP | -0.20 | 0.09 | — | 66 | Oil & Gas | EMET vs USO | |
| Invesco DB Energy Fund | -0.20 | 0.10 | 0.20 | 71 | Oil & Gas | EMET vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMET and solid risk/return profiles. The least correlated is Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of 0.45, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | 0.45 | 0.49 | 0.51 | 98 | Industrials | |
| Southern Copper Corporation | 0.81 | 0.83 | 0.81 | 90 | Basic Materials |
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