Looking to diversify beyond MFIG? The ETFs below have historically moved differently from MFIG, 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 MFIG
180 ETFs have low correlation with MFIG (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.42 | -0.42 | 61 | Cryptocurrency | MFIG vs BITI | |
| Invesco DB Oil Fund | -0.34 | -0.34 | -0.34 | 58 | Oil & Gas | MFIG vs DBO | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.33 | -0.33 | -0.33 | 52 | Leveraged Equities | MFIG vs GUSH | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.33 | -0.33 | -0.33 | 67 | Energy Equities | MFIG vs IEO | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.31 | -0.31 | 56 | Options Trading | MFIG vs CAOS |
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