Looking to balance out your exposure to MLI? The ETFs below have the lowest correlation with MLI — they tend to move on their own, which can help reduce risk when MLI drops. The stock ideas table highlights individual companies that behave independently from MLI.
Best Diversifiers for MLI
3 ETFs have low correlation with MLI (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Government Money Market ETF | -0.06 | — | — | 100 | Money Market | MLI vs SGVT | |
| AdvisorShares Psychedelics ETF | 0.17 | 0.26 | — | 57 | Health & Biotech Equities | MLI vs PSIL | |
| GraniteShares 2x Long AAPL Daily ETF | 0.24 | 0.25 | — | 63 | Leveraged Equities | MLI vs AAPB | |
| Invesco Nasdaq Biotechnology ETF | 0.30 | 0.39 | 0.39 | 85 | Health & Biotech Equities | MLI vs IBBQ | |
| iShares Global Clean Energy ETF | 0.31 | 0.38 | 0.38 | 70 | Alternative Energy Equities | MLI vs ICLN |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLI and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.15 | -0.14 | 0.05 | 52 | Financial Services | |
| Exxon Mobil Corporation | -0.07 | 0.14 | 0.24 | 74 | Energy | |
| Chord Energy Corp | -0.05 | 0.19 | 0.28 | 63 | Energy | |
| EOG Resources, Inc. | -0.02 | 0.15 | 0.24 | 58 | Energy | |
| Walmart Inc. | -0.01 | 0.13 | 0.19 | 70 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MLI
Add MLI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MLI