Looking to diversify beyond SDEM? The ETFs below have the lowest correlation with SDEM — 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 SDEM.
Best Diversifiers for SDEM
267 ETFs have low correlation with SDEM (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.23 | -0.18 | 61 | Leveraged Currency | SDEM vs YCS | |
| United States Oil Fund LP | -0.30 | 0.02 | 0.13 | 66 | Oil & Gas | SDEM vs USO | |
| United States Brent Oil Fund LP | -0.29 | 0.02 | 0.13 | 65 | Oil & Gas | SDEM vs BNO | |
| Invesco DB Energy Fund | -0.27 | 0.03 | 0.14 | 71 | Oil & Gas | SDEM vs DBE | |
| Invesco DB Oil Fund | -0.26 | 0.03 | 0.15 | 65 | Oil & Gas | SDEM vs DBO |
See all 1596 diversifiers for SDEM
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