Looking to diversify beyond MEDX? The ETFs below have historically moved differently from MEDX, 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 MEDX
865 ETFs have low correlation with MEDX (below 0.3), 48 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.15 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 | -0.28 | -0.15 | — | 52 | Oil & Gas | MEDX vs BNO | |
| Invesco DB Energy Fund | -0.27 | -0.16 | — | 72 | Oil & Gas | MEDX vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.15 | — | 58 | Oil & Gas | MEDX vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.12 | — | 67 | Commodities | MEDX vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.24 | -0.12 | — | 58 | Commodities | MEDX vs COMT |
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