Looking to diversify beyond MDYV? The ETFs below have the lowest correlation with MDYV — 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 MDYV.
Best Diversifiers for MDYV
287 ETFs have low correlation with MDYV (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.02 | 0.13 | 71 | Oil & Gas | MDYV vs DBE | |
| United States Oil Fund LP | -0.21 | -0.01 | 0.13 | 66 | Oil & Gas | MDYV vs USO | |
| United States Brent Oil Fund LP | -0.21 | -0.01 | 0.12 | 65 | Oil & Gas | MDYV vs BNO | |
| United States 12 Month Oil Fund LP | -0.21 | 0.01 | 0.14 | 56 | Oil & Gas | MDYV vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.20 | 0.02 | 0.15 | 55 | Oil & Gas | MDYV vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MDYV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MDYV and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.35, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.35 | 0.35 | 0.47 | 89 | Technology |
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