Looking to diversify beyond EMNT? The ETFs below have the lowest correlation with EMNT — 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 EMNT.
Best Diversifiers for EMNT
1683 ETFs have low correlation with EMNT (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.24 | -0.33 | 63 | Leveraged Currency | EMNT vs YCS | |
| United States Brent Oil Fund LP | -0.36 | -0.08 | -0.06 | 65 | Oil & Gas | EMNT vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.08 | -0.06 | 65 | Oil & Gas | EMNT vs DBO | |
| Invesco DB Energy Fund | -0.35 | -0.09 | -0.07 | 71 | Oil & Gas | EMNT vs DBE | |
| United States Oil Fund LP | -0.35 | -0.08 | -0.05 | 66 | Oil & Gas | EMNT vs USO |
See all 2189 diversifiers for EMNT
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