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
235 ETFs have low correlation with MILN (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.07 | 0.06 | 71 | Oil & Gas | MILN vs DBE | |
| Invesco DB Oil Fund | -0.26 | -0.05 | 0.07 | 65 | Oil & Gas | MILN vs DBO | |
| United States Brent Oil Fund LP | -0.24 | -0.07 | 0.04 | 65 | Oil & Gas | MILN vs BNO | |
| iShares Commodities Select Strategy ETF | -0.21 | -0.01 | 0.10 | 71 | Commodities | MILN vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.00 | 0.11 | 71 | Commodities | MILN vs GSG |
See all 1161 diversifiers for MILN
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