Looking to diversify beyond MFLX? The ETFs below have historically moved differently from MFLX, 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 MFLX
1145 ETFs have low correlation with MFLX (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.10 | -0.04 | 66 | Oil & Gas | MFLX vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.09 | -0.04 | 51 | Oil & Gas | MFLX vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.09 | -0.04 | 61 | Commodities | MFLX vs GSG | |
| iShares U.S. Energy ETF | -0.26 | -0.10 | -0.05 | 75 | Energy Equities | MFLX vs IYE | |
| Direxion Daily Energy Bull 2X Shares | -0.25 | -0.11 | -0.05 | 70 | Energy Equities, Leveraged Equities | MFLX vs ERX |
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