Looking to balance out your exposure to EMN? The ETFs below have the lowest correlation with EMN — they tend to move on their own, which can help reduce risk when EMN drops. The stock ideas table highlights individual companies that behave independently from EMN.
Best Diversifiers for EMN
1 ETFs have low correlation with EMN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.30 | 0.40 | 73 | Nasdaq-100 | EMN vs QQQ | |
| Vanguard S&P 500 ETF | 0.37 | 0.42 | 0.54 | 70 | S&P 500 | EMN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.42 | 0.54 | 70 | S&P 500 | EMN vs SPY | |
| Vanguard Total Stock Market ETF | 0.41 | 0.45 | 0.56 | 68 | Large Cap Blend Equities | EMN vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.59 | 0.63 | 0.70 | 80 | Dividend | EMN vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.07 | 0.23 | 78 | Technology | |
| CF Industries Holdings, Inc. | 0.07 | 0.19 | 0.27 | 60 | Basic Materials | |
| EOG Resources, Inc. | 0.15 | 0.25 | 0.35 | 69 | Energy | |
| Enterprise Products Partners L.P. | 0.15 | 0.25 | 0.36 | 85 | Energy | |
| Chevron Corporation | 0.16 | 0.27 | 0.37 | 83 | Energy |
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