Looking to diversify beyond EMHY? The ETFs below have the lowest correlation with EMHY — 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 EMHY.
Best Diversifiers for EMHY
255 ETFs have low correlation with EMHY (below 0.3), 72 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.10 | 0.00 | 71 | Oil & Gas | EMHY vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.09 | -0.01 | 65 | Oil & Gas | EMHY vs BNO | |
| United States Oil Fund LP | -0.37 | -0.10 | -0.00 | 66 | Oil & Gas | EMHY vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.35 | — | — | 56 | Derivative Income | EMHY vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.34 | -0.07 | 0.01 | 55 | Oil & Gas | EMHY vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMHY and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.03 | 0.05 | 0.10 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.15 | 0.06 | 0.11 | 88 | Financial Services |
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