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
167 ETFs have low correlation with MILK (below 0.3), 23 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.24, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.13 | -0.13 | 70 | Commodities | MILK vs FAAR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.23 | -0.22 | -0.22 | 99 | Ultrashort Bond | MILK vs CSHP | |
| Fidelity Managed Futures ETF | -0.22 | -0.23 | -0.23 | 64 | Systematic Trend | MILK vs FFUT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.19 | -0.10 | -0.10 | 50 | Commodities | MILK vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.18 | -0.09 | -0.09 | 53 | Commodities | MILK vs FTGC |
See all 1141 diversifiers for MILK
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Diversification Analysis
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