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
1400 ETFs have low correlation with EMNT (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.24 | -0.33 | 63 | Leveraged Currency | EMNT vs YCS | |
| United States Gasoline Fund LP | -0.31 | -0.08 | -0.05 | 55 | Oil & Gas | EMNT vs UGA | |
| Fidelity Managed Futures ETF | -0.26 | — | — | 64 | Systematic Trend | EMNT vs FFUT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.17 | 0.02 | — | 50 | Commodities | EMNT vs CMDT | |
| VanEck Commodity Strategy ETF | -0.17 | 0.00 | — | 57 | Commodities | EMNT vs PIT |
See all 1947 diversifiers for EMNT
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