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