Looking to diversify beyond MINO? The ETFs below have the lowest correlation with MINO — 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 MINO.
Best Diversifiers for MINO
1011 ETFs have low correlation with MINO (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.24, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.13 | -0.08 | 71 | Oil & Gas | MINO vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.11 | — | 65 | Oil & Gas | MINO vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.10 | — | 72 | Commodities | MINO vs GSG | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | -0.17 | -0.17 | 100 | Ultrashort Bond | MINO vs CSHP | |
| Invesco DB Commodity Index Tracking Fund | -0.22 | -0.09 | — | 77 | Commodities | MINO vs DBC |
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