Looking to diversify beyond EMTL? The ETFs below have historically moved differently from EMTL, 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 EMTL
388 ETFs have low correlation with EMTL (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.11 | -0.01 | 72 | Oil & Gas | EMTL vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.09 | -0.01 | 52 | Oil & Gas | EMTL vs BNO | |
| ProShares Short Bitcoin ETF | -0.27 | -0.16 | — | 61 | Cryptocurrency | EMTL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EMTL vs SBIT | |
| United States Oil Fund LP | -0.26 | -0.10 | -0.01 | 55 | Oil & Gas | EMTL vs USO |
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