Looking to diversify beyond MFMO? The ETFs below have the lowest correlation with MFMO — 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 MFMO.
Best Diversifiers for MFMO
192 ETFs have low correlation with MFMO (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.47 | -0.47 | 57 | Cryptocurrency | MFMO vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.29 | -0.29 | 53 | Oil & Gas | MFMO vs DBE | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.18 | -0.18 | -0.18 | 100 | Ultrashort Bond | MFMO vs BILZ | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.18 | -0.18 | 51 | Commodities | MFMO vs GSG | |
| iShares U.S. Energy ETF | -0.17 | -0.17 | -0.17 | 51 | Energy Equities | MFMO vs IYE |
See all 1094 diversifiers for MFMO
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