Looking to diversify beyond MIDE? The ETFs below have the lowest correlation with MIDE — 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 MIDE.
Best Diversifiers for MIDE
186 ETFs have low correlation with MIDE (below 0.3), 32 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.03 | 0.13 | 71 | Oil & Gas | MIDE vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.02 | 0.12 | 65 | Oil & Gas | MIDE vs BNO | |
| Invesco DB Oil Fund | -0.24 | -0.00 | 0.13 | 65 | Oil & Gas | MIDE vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | 0.05 | 0.18 | 71 | Commodities | MIDE vs GSG | |
| iShares Commodities Select Strategy ETF | -0.19 | 0.04 | 0.16 | 70 | Commodities | MIDE vs COMT |
See all 1180 diversifiers for MIDE
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