Looking to diversify beyond MID? The ETFs below have historically moved differently from MID, 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 MID
178 ETFs have low correlation with MID (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.35 | — | 51 | Cryptocurrency | MID vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.09 | 0.04 | 66 | Oil & Gas | MID vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.06 | 0.05 | 51 | Oil & Gas | MID vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.21 | -0.02 | 0.08 | 56 | Commodities | MID vs COMT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | MID vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MID, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | -0.10 | 0.07 | 0.18 | 60 | Real Estate | |
| United Therapeutics Corporation | 0.06 | 0.17 | 0.21 | 94 | Healthcare |
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