Looking to diversify beyond MDEV? The ETFs below have historically moved differently from MDEV, 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 MDEV
264 ETFs have low correlation with MDEV (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.15 | -0.02 | 72 | Oil & Gas | MDEV vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.15 | -0.03 | 52 | Oil & Gas | MDEV vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.13 | -0.01 | 58 | Oil & Gas | MDEV vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.08 | 0.04 | 67 | Commodities | MDEV vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.27 | -0.09 | 0.02 | 58 | Commodities | MDEV vs COMT |
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