Looking to diversify beyond IEMG? The ETFs below have the lowest correlation with IEMG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from IEMG.
Best Diversifiers for IEMG
386 ETFs have low correlation with IEMG (below 0.3), 73 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.00 | 0.10 | 66 | Oil & Gas | IEMG vs USO | |
| ProShares UltraShort Yen | -0.31 | -0.20 | -0.17 | 63 | Leveraged Currency | IEMG vs YCS | |
| United States Brent Oil Fund LP | -0.30 | 0.01 | 0.10 | 65 | Oil & Gas | IEMG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.04 | -0.04 | 56 | Derivative Income | IEMG vs USOY | |
| Invesco DB Energy Fund | -0.30 | 0.00 | 0.11 | 71 | Oil & Gas | IEMG vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IEMG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IEMG and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | 0.02 | 0.04 | 52 | Utilities | |
| Altria Group, Inc. | -0.15 | 0.02 | 0.09 | 67 | Consumer Defensive | |
| Walmart Inc. | -0.11 | 0.07 | 0.12 | 59 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.10 | 0.09 | 0.20 | 85 | Energy | |
| Diamondback Energy, Inc. | -0.09 | 0.13 | 0.24 | 82 | Energy |
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Build a portfolio that complements IEMG
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