Looking to diversify beyond EMLP? The ETFs below have the lowest correlation with EMLP — 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.
Best Diversifiers for EMLP
1888 ETFs have low correlation with EMLP (below 0.3), 488 of which are negatively correlated. The least correlated is KraneShares Artificial Intelligence & Technology ETF (AGIX) (Technology Equities) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Artificial Intelligence & Technology E... | -0.16 | 0.11 | 0.11 | 57 | Technology Equities | EMLP vs AGIX | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.15 | 0.06 | 0.06 | 62 | Technology Equities | EMLP vs FAI | |
| Fidelity Low Duration Bond ETF | -0.14 | -0.01 | -0.01 | 98 | Short-Term Bond | EMLP vs FLDB | |
| iShares Top 20 U.S. Stocks ETF | -0.14 | 0.10 | 0.10 | 50 | Large Cap Growth Equities | EMLP vs TOPT | |
| iShares U.S. Technology ETF | -0.14 | 0.12 | 0.28 | 64 | Technology Equities | EMLP vs IYW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMLP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMLP and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of 0.56, roughly unchanged from 0.66 over 5 years.
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