Looking to diversify beyond EMLP.L? The ETFs below have the lowest correlation with EMLP.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 EMLP.L.
Best Diversifiers for EMLP.L
2 ETFs have low correlation with EMLP.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) (Emerging Markets Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan USD Emerging Markets Sovereign Bond UCITS... | 0.13 | 0.13 | 0.10 | 60 | Emerging Markets Bonds | EMLP.L vs JMBP.L | |
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ... | 0.14 | 0.16 | 0.10 | 88 | Emerging Markets Bonds | EMLP.L vs UBXX.L | |
| Fidelity Sustainable USD EM Bond UCITS ETF Inc | 0.37 | 0.39 | 0.37 | 67 | Emerging Markets Bonds, ESG | EMLP.L vs FSEM.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.39 | 0.33 | 0.28 | 52 | High Yield Bonds | EMLP.L vs STHE.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | 0.40 | 0.37 | 0.37 | 75 | High Yield Bonds | EMLP.L vs STYC.L |
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