Looking to diversify beyond XEML? The ETFs below have the lowest correlation with XEML — 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 XEML.
Best Diversifiers for XEML
0 ETFs have low correlation with XEML (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) (High Yield Bonds) with a 1Y correlation of 0.68, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers USD High Yield BB-B ex Financials ETF | 0.68 | 0.68 | 0.68 | 72 | High Yield Bonds | XEML vs BHYB | |
| iShares MSCI Poland ETF | 0.69 | 0.69 | 0.69 | 53 | Europe Equities | XEML vs EPOL | |
| iShares MSCI Austria ETF | 0.74 | 0.74 | 0.74 | 65 | Europe Equities | XEML vs EWO | |
| WisdomTree European Opportunities Fund | 0.84 | 0.84 | 0.84 | 59 | Europe Equities | XEML vs OPPE |
Diversification Analysis
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