Looking to diversify beyond MDBX? The ETFs below have the lowest correlation with MDBX — 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 MDBX.
Best Diversifiers for MDBX
2 ETFs have low correlation with MDBX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.26 | 0.26 | 0.26 | 99 | Leveraged Equities | MDBX vs MUU | |
| Leverage Shares 2X Long ARM Daily ETF | 0.29 | 0.29 | 0.29 | 81 | Leveraged Equities | MDBX vs ARMG | |
| Innovator U.S. Equity Accelerated Plus ETF | 0.32 | 0.32 | 0.32 | 98 | Leveraged Equities | MDBX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - July | 0.47 | 0.47 | 0.47 | 68 | Leveraged Equities | MDBX vs QTJL |
Diversification Analysis
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