Looking to diversify beyond MBNE? The ETFs below have historically moved differently from MBNE, 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 MBNE
1164 ETFs have low correlation with MBNE (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, roughly unchanged from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.14 | — | 72 | Oil & Gas | MBNE vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.14 | — | 52 | Oil & Gas | MBNE vs BNO | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.22 | -0.07 | -0.03 | 52 | Leveraged Equities | MBNE vs GUSH | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.22 | -0.08 | — | 67 | Energy Equities | MBNE vs IEO | |
| Strive U.S. Energy ETF | -0.21 | -0.08 | — | 70 | Energy Equities | MBNE vs DRLL |
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