Looking to diversify beyond MDEV? The ETFs below have the lowest correlation with MDEV — 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 MDEV.
Best Diversifiers for MDEV
196 ETFs have low correlation with MDEV (below 0.3), 23 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Horizon Landmark ETF | -0.14 | — | — | 98 | Ultrashort Bond | MDEV vs BENJ | |
| First Trust Alternative Absolute Return Strategy E... | -0.13 | -0.03 | -0.03 | 70 | Commodities | MDEV vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | MDEV vs CSHP | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.11 | 0.05 | 0.12 | 53 | Commodities | MDEV vs FTGC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.08 | -0.03 | 100 | Government Bonds, Ultrashort Bond | MDEV vs BIL |
See all 1136 diversifiers for MDEV
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Diversification Analysis
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