Looking to diversify beyond MILK? The ETFs below have the lowest correlation with MILK — 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 MILK.
Best Diversifiers for MILK
189 ETFs have low correlation with MILK (below 0.3), 33 of which are negatively correlated. The least correlated is Fidelity Managed Futures ETF (FFUT) (Systematic Trend) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.25 | -0.25 | -0.25 | 66 | Systematic Trend | MILK vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.23 | — | — | 67 | Commodities | MILK vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.22 | -0.13 | -0.13 | 65 | Commodities | MILK vs CMDT | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.22 | -0.13 | -0.13 | 52 | Commodities | MILK vs CMDY | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.21 | -0.12 | -0.12 | 53 | Commodities | MILK vs DJP |
See all 1125 diversifiers for MILK
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Diversification Analysis
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