Looking to balance out your exposure to EMR? The ETFs below have the lowest correlation with EMR — they tend to move on their own, which can help reduce risk when EMR drops. The stock ideas table highlights individual companies that behave independently from EMR.
Best Diversifiers for EMR
1 ETFs have low correlation with EMR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of 0.23, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.23 | 0.35 | 0.51 | 70 | Dividend, Large Cap Value Equities | EMR vs HDV | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.41 | 0.50 | 0.60 | 78 | Mid Cap Value Equities, Dividend | EMR vs RDIV | |
| Franklin FTSE Taiwan ETF | 0.41 | 0.42 | 0.47 | 94 | Asia Pacific Equities | EMR vs FLTW | |
| Franklin International Low Volatility High Dividen... | 0.42 | 0.42 | 0.50 | 93 | Volatility Hedged Equity, Dividend | EMR vs LVHI | |
| State Street Technology Select Sector SPDR ETF | 0.44 | 0.49 | 0.55 | 66 | Technology Equities | EMR vs XLK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.03 | 0.15 | 72 | Consumer Defensive | |
| Canadian Utilities Limited | -0.16 | 0.01 | 0.13 | 94 | Utilities | |
| The Coca-Cola Company | -0.12 | -0.01 | 0.18 | 74 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.09 | -0.02 | 0.11 | 61 | Utilities | |
| Duke Energy Corporation | -0.05 | 0.03 | 0.15 | 62 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EMR
Add EMR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EMR