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
943 ETFs have low correlation with MFLX (below 0.3), 39 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.19, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | -0.11 | -0.11 | 99 | Ultrashort Bond | MFLX vs CSHP | |
| Bastion Energy ETF | -0.16 | -0.16 | -0.16 | 84 | Energy Equities | MFLX vs BESF | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.12 | -0.02 | -0.01 | 55 | Commodities | MFLX vs FTGC | |
| First Trust Alternative Absolute Return Strategy E... | -0.12 | -0.03 | -0.00 | 75 | Commodities | MFLX vs FAAR | |
| Fidelity Managed Futures ETF | -0.11 | -0.12 | -0.12 | 64 | Systematic Trend | MFLX vs FFUT |
See all 1103 diversifiers for MFLX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MFLX
Add MFLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MFLX