ETF correlation

F

frostengine

I am trying to find several different ETF's to invest in to spread out my risk and exposure. The only problem i'm finding is that all the ETF's i'm looking at, everything from DIA to KF "korean fund" to CH "chile fund" to EF "european fund"... All of these funds with little to no equity in the US market all move almost exactly the same.. all with big dips in this mast month. I want to find several uncorrelated ETF that move at least somewhat independently of each other. Does anyone know of a few possible ETFs to look at? Or does the United states equity market basically drive all of these ETFs regardless of what there underlining assets are?
 
Here is a portfolio I mocked up using ETFs only....

Fixed Income
Agrerate, includes Mort Backed AGG
Short-term SHY
Mid-term IEF
Long-term TLT
Corporate LQD
Inflation protected TIP

Equities
S&P 500 SPY
Mid-Cap MDY
Smalll Cap Value IJS
Small Cap Growth IJT

Foreign Equities
Australasia, Europe, Far East EFA
Africa EZA
Brazil EWZ
Mexico EWW
Canada EWC

Alternative Investments
Commodities DBC
Real Estate VNQ
REITs IYR
High Dividend PEY
Gold GLD
Euro Dollar FXE
MasterLP KYN
MasterLP FMO


:)
 
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