Looking to diversify beyond MBB? The ETFs below have historically moved differently from MBB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MBB
557 ETFs have low correlation with MBB (below 0.3), 100 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.47 | -0.49 | 56 | Leveraged Currency | MBB vs YCS | |
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.14 | 72 | Oil & Gas | MBB vs DBE | |
| United States Oil Fund LP | -0.40 | -0.22 | -0.14 | 55 | Oil & Gas | MBB vs USO | |
| Invesco DB Oil Fund | -0.39 | -0.22 | -0.13 | 58 | Oil & Gas | MBB vs DBO | |
| United States Brent Oil Fund LP | -0.37 | -0.21 | -0.13 | 52 | Oil & Gas | MBB vs BNO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MBB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.34, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.34 | -0.14 | -0.10 | 72 | Energy | |
| Equinor ASA | -0.27 | -0.07 | -0.03 | 86 | Energy | |
| Exxon Mobil Corporation | -0.24 | -0.08 | -0.06 | 84 | Energy | |
| BP p.l.c. | -0.24 | -0.09 | -0.08 | 84 | Energy | |
| Suncor Energy Inc. | -0.23 | -0.08 | -0.05 | 94 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MBB
Add MBB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MBB