Looking to diversify beyond MBS? The ETFs below have the lowest correlation with MBS — 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 MBS.
Best Diversifiers for MBS
880 ETFs have low correlation with MBS (below 0.3), 46 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.21 | -0.21 | 53 | Oil & Gas | MBS vs DBE | |
| Bastion Energy ETF | -0.22 | — | — | 87 | Energy Equities | MBS vs BESF | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.17 | -0.17 | 51 | Commodities | MBS vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | — | — | 54 | Commodities | MBS vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.16 | -0.11 | -0.11 | 51 | Commodities | MBS vs DCMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MBS and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Molina Healthcare, Inc. | 0.02 | — | — | 51 | Healthcare | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.09 | — | — | 82 | Financial Services | |
| IAMGOLD Corporation | 0.32 | — | — | 85 | Basic Materials |
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