Looking to diversify beyond EMLC? The ETFs below have historically moved differently from EMLC, 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 EMLC
322 ETFs have low correlation with EMLC (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.46 | -0.46 | 56 | Leveraged Currency | EMLC vs YCS | |
| United States Brent Oil Fund LP | -0.44 | -0.14 | -0.00 | 52 | Oil & Gas | EMLC vs BNO | |
| United States Oil Fund LP | -0.44 | -0.14 | 0.00 | 55 | Oil & Gas | EMLC vs USO | |
| Invesco DB Energy Fund | -0.42 | -0.12 | 0.01 | 72 | Oil & Gas | EMLC vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.12 | 0.02 | 58 | Oil & Gas | EMLC vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMLC, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.04 | 0.10 | 66 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.13 | 0.00 | 0.10 | 56 | Financial Services | |
| Energy Transfer LP | -0.13 | 0.07 | 0.19 | 81 | Energy | |
| BP p.l.c. | -0.12 | 0.08 | 0.17 | 84 | Energy | |
| Walmart Inc. | -0.02 | 0.01 | 0.07 | 62 | Consumer Defensive |
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