Looking to diversify beyond MDAA? The ETFs below have historically moved differently from MDAA, 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 MDAA
156 ETFs have low correlation with MDAA (below 0.3), 18 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Infrastructure Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.14 | -0.14 | -0.14 | 63 | Infrastructure Equities, Energy Equities | MDAA vs ENFR | |
| ProShares Ultra Energy | -0.13 | -0.13 | -0.13 | 56 | Leveraged Equities | MDAA vs DIG | |
| VanEck Energy Income ETF | -0.12 | -0.12 | -0.12 | 67 | Energy Equities | MDAA vs EINC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.12 | -0.12 | -0.12 | 51 | Commodities | MDAA vs COMT | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.09 | -0.09 | -0.09 | 100 | Ultrashort Bond | MDAA vs BILZ |
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