Looking to diversify beyond MILN? The ETFs below have historically moved differently from MILN, 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 MILN
264 ETFs have low correlation with MILN (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 -0.34, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.13 | 0.03 | 72 | Oil & Gas | MILN vs DBE | |
| ProShares Short Bitcoin ETF | -0.32 | -0.35 | — | 61 | Cryptocurrency | MILN vs BITI | |
| United States Brent Oil Fund LP | -0.31 | -0.10 | 0.03 | 52 | Oil & Gas | MILN vs BNO | |
| Invesco DB Oil Fund | -0.31 | -0.10 | 0.03 | 58 | Oil & Gas | MILN vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.06 | 0.08 | 67 | Commodities | MILN vs GSG |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MILN
Add MILN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MILN