Looking to diversify beyond MBNE? The ETFs below have the lowest correlation with MBNE — 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 MBNE.
Best Diversifiers for MBNE
1074 ETFs have low correlation with MBNE (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.24, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.14 | -0.09 | 71 | Oil & Gas | MBNE vs DBE | |
| First Trust Energy AlphaDEX Fund | -0.23 | -0.07 | -0.03 | 69 | Energy Equities | MBNE vs FXN | |
| Invesco DB Oil Fund | -0.23 | -0.15 | — | 65 | Oil & Gas | MBNE vs DBO | |
| Invesco DB Commodity Index Tracking Fund | -0.23 | -0.12 | — | 77 | Commodities | MBNE vs DBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.13 | -0.08 | 72 | Commodities | MBNE vs GSG |
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