Looking to diversify beyond EMHC? The ETFs below have historically moved differently from EMHC, 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 EMHC
310 ETFs have low correlation with EMHC (below 0.3), 100 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.17 | -0.05 | 72 | Oil & Gas | EMHC vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.16 | -0.05 | 52 | Oil & Gas | EMHC vs BNO | |
| United States Oil Fund LP | -0.39 | -0.16 | -0.05 | 55 | Oil & Gas | EMHC vs USO | |
| Invesco DB Oil Fund | -0.39 | -0.15 | -0.04 | 58 | Oil & Gas | EMHC vs DBO | |
| ProShares UltraShort Yen | -0.36 | -0.35 | -0.37 | 56 | Leveraged Currency | EMHC vs YCS |
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