Looking to diversify beyond MIG? The ETFs below have the lowest correlation with MIG — 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 MIG.
Best Diversifiers for MIG
315 ETFs have low correlation with MIG (below 0.3), 49 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.19 | -0.11 | 71 | Oil & Gas | MIG vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.19 | -0.12 | 65 | Oil & Gas | MIG vs BNO | |
| Invesco DB Oil Fund | -0.39 | -0.18 | -0.11 | 65 | Oil & Gas | MIG vs DBO | |
| iShares Commodities Select Strategy ETF | -0.36 | -0.15 | -0.08 | 71 | Commodities | MIG vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.14 | -0.07 | 71 | Commodities | MIG vs GSG |
See all 1147 diversifiers for MIG
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Diversification Analysis
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