Looking to diversify beyond MEDI? The ETFs below have historically moved differently from MEDI, 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 MEDI
732 ETFs have low correlation with MEDI (below 0.3), 50 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.26 | -0.11 | — | 52 | Oil & Gas | MEDI vs BNO | |
| Invesco DB Energy Fund | -0.25 | -0.13 | — | 72 | Oil & Gas | MEDI vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.11 | — | 58 | Oil & Gas | MEDI vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.08 | — | 67 | Commodities | MEDI vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.22 | -0.08 | — | 58 | Commodities | MEDI vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MEDI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Healthcare REIT, Inc. | 0.12 | — | — | 89 | Real Estate | |
| CareTrust REIT, Inc. | 0.20 | 0.21 | — | 84 | Real Estate | |
| Lantheus Holdings, Inc. | 0.35 | 0.35 | — | 70 | Healthcare |
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