Looking to diversify beyond EMIM.L? The ETFs below have the lowest correlation with EMIM.L — 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 EMIM.L.
Best Diversifiers for EMIM.L
10 ETFs have low correlation with EMIM.L (below 0.3), 6 of which are negatively correlated. The least correlated is State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) (Energy Equities) with a 1Y correlation of -0.17, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR MSCI World Energy UCITS ETF | -0.17 | 0.11 | 0.20 | 51 | Energy Equities | EMIM.L vs ENGW.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.09 | -0.04 | -0.05 | 100 | Government Bonds, Ultrashort Bond | EMIM.L vs IB01.L | |
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.06 | -0.04 | -0.03 | 98 | Short-Term Bond | EMIM.L vs TIGB.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.03 | -0.06 | -0.03 | 99 | Money Market | EMIM.L vs CSH2.L | |
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.02 | 0.12 | 0.19 | 71 | Commodities | EMIM.L vs ROLG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMIM.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMIM.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | -0.03 | -0.02 | 0.06 | 70 | Consumer Defensive | |
| BH Macro Limited | 0.15 | 0.06 | 0.02 | 63 | Financial Services | |
| Tritax Big Box REIT plc | 0.20 | 0.19 | 0.21 | 70 | Real Estate | |
| HICL Infrastructure Company Ltd | 0.21 | 0.20 | 0.19 | 72 | Financial Services | |
| Rolls-Royce Holdings PLC | 0.30 | 0.23 | 0.28 | 78 | Industrials |
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