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
1020 ETFs have low correlation with MFLX (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.23, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.23 | -0.06 | -0.03 | 65 | Oil & Gas | MFLX vs DBO | |
| Invesco DB Energy Fund | -0.22 | -0.06 | -0.03 | 71 | Oil & Gas | MFLX vs DBE | |
| Strive U.S. Energy ETF | -0.21 | -0.09 | — | 55 | Energy Equities | MFLX vs DRLL | |
| United States Brent Oil Fund LP | -0.20 | -0.06 | -0.03 | 65 | Oil & Gas | MFLX vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.06 | -0.02 | 71 | Commodities | MFLX vs GSG |
See all 1192 diversifiers for MFLX
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