Looking to diversify beyond MFVL? The ETFs below have historically moved differently from MFVL, 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 MFVL
565 ETFs have low correlation with MFVL (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.28 | -0.28 | 54 | Oil & Gas | MFVL vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.22 | -0.22 | 59 | Commodities | MFVL vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.20 | -0.20 | -0.20 | 53 | Commodities | MFVL vs DCMT | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.18 | -0.18 | -0.18 | 64 | Commodities | MFVL vs BCI | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.18 | -0.18 | -0.18 | 66 | Commodities | MFVL vs DJP |
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