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
210 ETFs have low correlation with EMLC (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.46 | -0.45 | 63 | Leveraged Currency | EMLC vs YCS | |
| United States Gasoline Fund LP | -0.37 | -0.09 | 0.03 | 55 | Oil & Gas | EMLC vs UGA | |
| TCW AAA CLO ETF | -0.27 | — | — | 99 | CLO | EMLC vs ACLO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | EMLC vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | EMLC vs IBIC |
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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 -0.17, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.05 | 0.12 | 72 | Consumer Defensive | |
| BP p.l.c. | -0.12 | 0.09 | 0.20 | 77 | Energy | |
| Energy Transfer LP | -0.07 | 0.09 | 0.21 | 72 | Energy | |
| Walmart Inc. | -0.03 | 0.01 | 0.08 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | 0.05 | 0.12 | 0.16 | 66 | Communication Services |
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