Looking to diversify beyond MFIG? The ETFs below have the lowest correlation with MFIG — 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 MFIG.
Best Diversifiers for MFIG
128 ETFs have low correlation with MFIG (below 0.3), 26 of which are negatively correlated. The least correlated is FT Energy Income Partners Enhanced Income ETF (EIPI) (Derivative Income) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | -0.23 | -0.23 | -0.23 | 67 | Derivative Income | MFIG vs EIPI | |
| FT Energy Income Partners Strategy ETF | -0.20 | -0.20 | -0.20 | 75 | Energy Equities | MFIG vs EIPX | |
| iShares Core High Dividend ETF | -0.18 | -0.18 | -0.18 | 64 | Dividend, Large Cap Value Equities | MFIG vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.16 | -0.16 | -0.16 | 65 | Large Cap Value Equities, Dividend | MFIG vs FDL | |
| Bastion Energy ETF | -0.15 | -0.15 | -0.15 | 75 | Energy Equities | MFIG vs BESF |
See all 1106 diversifiers for MFIG
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