Looking to diversify beyond MILN? The ETFs below have the lowest correlation with MILN — 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 MILN.
Best Diversifiers for MILN
230 ETFs have low correlation with MILN (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.36 | -0.38 | 57 | Cryptocurrency | MILN vs BITI | |
| Invesco DB Energy Fund | -0.31 | -0.10 | 0.05 | 53 | Oil & Gas | MILN vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.22 | -0.05 | -0.05 | 51 | Commodities | MILN vs DCMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.03 | 0.09 | 51 | Commodities | MILN vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.21 | -0.01 | 0.10 | 54 | Commodities | MILN vs DBC |
See all 1136 diversifiers for MILN
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Diversification Analysis
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