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
1031 ETFs have low correlation with MBNE (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, roughly unchanged from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | -0.14 | — | 53 | Oil & Gas | MBNE vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.12 | -0.08 | 51 | Commodities | MBNE vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | -0.11 | — | 54 | Commodities | MBNE vs DBC | |
| First Trust Energy AlphaDEX Fund | -0.19 | -0.06 | — | 52 | Energy Equities | MBNE vs FXN | |
| Bastion Energy ETF | -0.19 | — | — | 87 | Energy Equities | MBNE vs BESF |
See all 1138 diversifiers for MBNE
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