Looking to diversify beyond EMNT? The ETFs below have historically moved differently from EMNT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EMNT
1466 ETFs have low correlation with EMNT (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.23 | -0.33 | 56 | Leveraged Currency | EMNT vs YCS | |
| United States Brent Oil Fund LP | -0.30 | -0.10 | -0.06 | 52 | Oil & Gas | EMNT vs BNO | |
| Invesco DB Energy Fund | -0.30 | -0.11 | -0.06 | 72 | Oil & Gas | EMNT vs DBE | |
| United States Oil Fund LP | -0.30 | -0.10 | -0.05 | 55 | Oil & Gas | EMNT vs USO | |
| Invesco DB Oil Fund | -0.29 | -0.10 | -0.05 | 58 | Oil & Gas | EMNT vs DBO |
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