Looking to diversify beyond MDIV? The ETFs below have historically moved differently from MDIV, 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 MDIV
702 ETFs have low correlation with MDIV (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.20 | -0.15 | 56 | Leveraged Currency | MDIV vs YCS | |
| ProShares Short Bitcoin ETF | -0.17 | -0.22 | — | 61 | Cryptocurrency | MDIV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.17 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MDIV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.16 | — | — | 61 | Inverse Equities, Leveraged Equities | MDIV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.14 | — | — | 75 | Derivative Income | MDIV vs WNTR |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MDIV
Add MDIV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDIV