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
1488 ETFs have low correlation with EMNT (below 0.3), 72 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.42, down from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.42 | -0.32 | -0.29 | 51 | Currency | EMNT vs UUP | |
| ProShares UltraShort Yen | -0.38 | -0.24 | -0.33 | 72 | Leveraged Currency | EMNT vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.12 | -0.07 | 53 | Oil & Gas | EMNT vs DBE | |
| United States Gasoline Fund LP | -0.32 | -0.10 | -0.06 | 78 | Oil & Gas | EMNT vs UGA | |
| Fidelity Managed Futures ETF | -0.27 | — | — | 71 | Systematic Trend | EMNT vs FFUT |
See all 2045 diversifiers for EMNT
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