Looking to diversify beyond MCDS? The ETFs below have the lowest correlation with MCDS — 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 MCDS.
Best Diversifiers for MCDS
177 ETFs have low correlation with MCDS (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.11 | -0.11 | 71 | Oil & Gas | MCDS vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.08 | -0.08 | 65 | Oil & Gas | MCDS vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.06 | -0.06 | 65 | Oil & Gas | MCDS vs DBO | |
| iShares Commodities Select Strategy ETF | -0.17 | — | — | 70 | Commodities | MCDS vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | — | — | 71 | Commodities | MCDS vs GSG |
See all 1174 diversifiers for MCDS
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