Looking to diversify beyond MGMT? The ETFs below have historically moved differently from MGMT, 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 MGMT
210 ETFs have low correlation with MGMT (below 0.3), 28 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.34, down from -0.12 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.34 | -0.12 | — | 56 | Options Trading | MGMT vs CAOS | |
| ProShares Short Bitcoin ETF | -0.31 | -0.30 | — | 61 | Cryptocurrency | MGMT vs BITI | |
| Invesco DB Energy Fund | -0.22 | -0.01 | 0.15 | 72 | Oil & Gas | MGMT vs DBE | |
| United States Brent Oil Fund LP | -0.18 | 0.01 | 0.15 | 52 | Oil & Gas | MGMT vs BNO | |
| Invesco DB Oil Fund | -0.18 | 0.02 | 0.16 | 58 | Oil & Gas | MGMT vs DBO |
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