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
2 ETFs have low correlation with EMR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.06, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.06 | 0.28 | 0.40 | 63 | Energy Equities | EMR vs XLE | |
| iShares Core High Dividend ETF | 0.25 | 0.36 | 0.52 | 64 | Dividend, Large Cap Value Equities | EMR vs HDV | |
| Franklin International Low Volatility High Dividen... | 0.40 | 0.42 | 0.50 | 89 | Volatility Hedged Equity, Dividend | EMR vs LVHI | |
| Franklin FTSE Taiwan ETF | 0.42 | 0.43 | 0.47 | 96 | Asia Pacific Equities | EMR vs FLTW | |
| Schwab U.S. Dividend Equity ETF | 0.45 | 0.53 | 0.64 | 80 | Dividend | EMR vs SCHD |
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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 -0.20, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.00 | 0.16 | 69 | Consumer Defensive | |
| Canadian Utilities Limited | -0.14 | 0.02 | 0.14 | 90 | Utilities | |
| The Coca-Cola Company | -0.08 | 0.01 | 0.19 | 66 | Consumer Defensive | |
| Fortis Inc | -0.05 | 0.11 | 0.19 | 76 | Utilities | |
| Duke Energy Corporation | -0.04 | 0.04 | 0.16 | 53 | Utilities |
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