Looking to diversify beyond EMLC? The ETFs below have the lowest correlation with EMLC — 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 EMLC.
Best Diversifiers for EMLC
252 ETFs have low correlation with EMLC (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.75, roughly unchanged from -0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.75 | -0.75 | -0.73 | 51 | Currency | EMLC vs UUP | |
| ProShares UltraShort Yen | -0.50 | -0.46 | -0.45 | 72 | Leveraged Currency | EMLC vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.10 | 0.02 | 53 | Oil & Gas | EMLC vs DBE | |
| United States Gasoline Fund LP | -0.35 | -0.09 | 0.03 | 78 | Oil & Gas | EMLC vs UGA | |
| ProShares Short Bitcoin ETF | -0.35 | -0.22 | -0.26 | 57 | Cryptocurrency | EMLC vs BITI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMLC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.05 | 0.11 | 81 | Consumer Defensive | |
| BP p.l.c. | -0.11 | 0.08 | 0.20 | 75 | Energy | |
| Energy Transfer LP | -0.11 | 0.08 | 0.20 | 84 | Energy | |
| W. R. Berkley Corporation | -0.09 | 0.00 | 0.11 | 59 | Financial Services | |
| Walmart Inc. | -0.03 | 0.01 | 0.07 | 71 | Consumer Defensive |
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