Looking to diversify beyond EUM? The ETFs below have historically moved differently from EUM, 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 EUM
2221 ETFs have low correlation with EUM (below 0.3), 2134 of which are negatively correlated. The least correlated is Direxion Daily Emerging Markets Bull 3X Shares (EDC) (Leveraged Equities) with a 1Y correlation of -0.99, roughly unchanged from -0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Emerging Markets Bull 3X Shares | -0.99 | -0.99 | -0.99 | 50 | Leveraged Equities | EUM vs EDC | |
| iShares MSCI Emerging Markets ETF | -0.99 | -0.99 | -0.99 | 63 | Emerging Markets Equities | EUM vs EEM | |
| iShares Core MSCI Emerging Markets ETF | -0.99 | -0.99 | -0.99 | 60 | Emerging Markets Equities | EUM vs IEMG | |
| iShares ESG Aware MSCI EM ETF | -0.99 | -0.98 | -0.99 | 61 | Emerging Markets Equities | EUM vs ESGE | |
| Dimensional Emerging Core Equity Market ETF | -0.99 | -0.98 | -0.98 | 59 | Emerging Markets Equities | EUM vs DFAE |
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