Looking to balance out your exposure to EMX? The ETFs below have the lowest correlation with EMX — they tend to move on their own, which can help reduce risk when EMX drops. The stock ideas table highlights individual companies that behave independently from EMX.
Best Diversifiers for EMX
2 ETFs have low correlation with EMX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.05 | 0.11 | 0.17 | 85 | Dividend | EMX vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.19 | 0.20 | 74 | S&P 500 | EMX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EMX and solid risk/return profiles. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.07 | 0.07 | 0.07 | 64 | Healthcare | |
| Edison International | 0.07 | 0.07 | 0.11 | 82 | Utilities | |
| Garrett Motion Inc. | 0.10 | 0.09 | 0.09 | 98 | Consumer Cyclical | |
| United States Antimony Corporation | 0.11 | 0.13 | 0.15 | 80 | Basic Materials | |
| Frontline Ltd. | 0.13 | 0.14 | 0.15 | 89 | Energy |
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