Looking to balance out your exposure to EMR? The ETFs below have historically moved differently from EMR, 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 EMR
4 ETFs have low correlation with EMR (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.02, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.02 | 0.22 | 0.37 | 75 | Energy Equities | EMR vs XLE | |
| iShares Core High Dividend ETF | 0.17 | 0.32 | 0.49 | 91 | Dividend, Large Cap Value Equities | EMR vs HDV | |
| Global X SuperDividend U.S. ETF | 0.23 | 0.36 | 0.48 | 85 | Mid Cap Value Equities, Dividend | EMR vs DIV | |
| State Street Health Care Select Sector SPDR ETF | 0.29 | 0.34 | 0.42 | 68 | Health & Biotech Equities | EMR vs XLV | |
| iShares Select Dividend ETF | 0.33 | 0.45 | 0.56 | 89 | Large Cap Value Equities, Dividend | EMR vs DVY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.05 | 0.12 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.17 | -0.03 | 0.16 | 87 | Consumer Defensive | |
| Philip Morris International Inc. | -0.15 | -0.01 | 0.15 | 64 | Consumer Defensive | |
| Canadian Utilities Limited | -0.14 | 0.01 | 0.12 | 98 | Utilities | |
| Consolidated Edison, Inc. | -0.13 | -0.04 | 0.10 | 56 | Utilities |
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