Looking to diversify beyond MBB? The ETFs below have the lowest correlation with MBB — 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 MBB.
Best Diversifiers for MBB
889 ETFs have low correlation with MBB (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.54, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.54 | -0.47 | -0.50 | 63 | Leveraged Currency | MBB vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.21 | -0.11 | 71 | Oil & Gas | MBB vs UGA | |
| Invesco DB Energy Fund | -0.39 | -0.21 | -0.13 | 71 | Oil & Gas | MBB vs DBE | |
| Invesco DB Oil Fund | -0.38 | -0.19 | -0.13 | 65 | Oil & Gas | MBB vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.37 | -0.19 | -0.13 | 56 | Leveraged Commodities | MBB vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MBB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MBB and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.20 | -0.04 | -0.02 | 82 | Energy | |
| NVIDIA Corporation | -0.03 | 0.04 | 0.07 | 82 | Technology | |
| Walmart Inc. | 0.02 | 0.07 | 0.10 | 59 | Consumer Defensive | |
| Advanced Micro Devices, Inc. | 0.09 | 0.08 | 0.09 | 98 | Technology | |
| U.S. Bancorp | 0.12 | 0.12 | 0.08 | 75 | Financial Services |
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Build a portfolio that complements MBB
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