Looking to diversify beyond MFMO? The ETFs below have historically moved differently from MFMO, 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 MFMO
244 ETFs have low correlation with MFMO (below 0.3), 33 of which are negatively correlated. The least correlated is Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) (Leveraged Equities) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.18 | -0.18 | -0.18 | 52 | Leveraged Equities | MFMO vs GUSH | |
| iShares U.S. Energy ETF | -0.15 | -0.15 | -0.15 | 75 | Energy Equities | MFMO vs IYE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | -0.15 | -0.15 | 67 | Commodities | MFMO vs GSG | |
| VanEck Energy Income ETF | -0.14 | -0.14 | -0.14 | 83 | Energy Equities | MFMO vs EINC | |
| DoubleLine Commodity Strategy ETF | -0.14 | -0.14 | -0.14 | 63 | Commodities | MFMO vs DCMT |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MFMO
Add MFMO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MFMO