Looking to diversify beyond MIG? The ETFs below have historically moved differently from MIG, 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 MIG
240 ETFs have low correlation with MIG (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.22 | -0.12 | 53 | Oil & Gas | MIG vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.36 | -0.14 | -0.05 | 56 | Commodities | MIG vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.35 | — | — | 52 | Commodities | MIG vs DCMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.16 | -0.07 | 50 | Commodities | MIG vs GSG | |
| Fidelity Managed Futures ETF | -0.31 | -0.30 | -0.30 | 77 | Systematic Trend, Actively Managed | MIG vs FFUT |
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