Looking to diversify beyond IEMG? The ETFs below have historically moved differently from IEMG, 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 IEMG
488 ETFs have low correlation with IEMG (below 0.3), 90 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.33 | — | 51 | Cryptocurrency | IEMG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | -0.40 | -0.40 | 69 | Derivative Income | IEMG vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.01 | 0.11 | 66 | Oil & Gas | IEMG vs DBE | |
| ProShares UltraShort Yen | -0.23 | -0.18 | -0.16 | 59 | Leveraged Currency | IEMG vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | IEMG vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IEMG, 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 -0.30, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.30 | -0.06 | 0.04 | 66 | Consumer Defensive | |
| Chubb Limited | -0.28 | -0.03 | 0.10 | 87 | Financial Services | |
| Duke Energy Corporation | -0.26 | -0.06 | 0.02 | 52 | Utilities | |
| The Coca-Cola Company | -0.21 | -0.01 | 0.10 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.16 | -0.00 | 0.07 | 66 | Communication Services |
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