Looking to diversify beyond MIDU? The ETFs below have historically moved differently from MIDU, 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 MIDU
235 ETFs have low correlation with MIDU (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, 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 | -0.41 | -0.35 | — | 51 | Cryptocurrency | MIDU vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 69 | Derivative Income | MIDU vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.06 | 0.11 | 66 | Oil & Gas | MIDU vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.04 | 0.11 | 51 | Oil & Gas | MIDU vs DBO | |
| United States Gasoline Fund, LP | -0.23 | -0.05 | 0.09 | 83 | Oil & Gas | MIDU vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MIDU, 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 German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.42, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.42 | 0.50 | 0.55 | 88 | Financial Services |
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