Looking to diversify beyond MFLX? The ETFs below have the lowest correlation with MFLX — 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 MFLX.
Best Diversifiers for MFLX
988 ETFs have low correlation with MFLX (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.08 | -0.04 | 53 | Oil & Gas | MFLX vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.07 | -0.03 | 51 | Commodities | MFLX vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.22 | — | — | 51 | Commodities | MFLX vs DCMT | |
| iShares U.S. Energy ETF | -0.21 | -0.09 | -0.04 | 51 | Energy Equities | MFLX vs IYE | |
| Fidelity MSCI Energy Index ETF | -0.21 | -0.09 | -0.04 | 51 | Energy Equities | MFLX vs FENY |
See all 1173 diversifiers for MFLX
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