Looking to balance out your exposure to MLI? The ETFs below have historically moved differently from MLI, 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 MLI
8 ETFs have low correlation with MLI (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Government Money Market ETF | -0.05 | — | — | 100 | Money Market | MLI vs SGVT | |
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.23 | 0.30 | 61 | Energy Equities | MLI vs XLE | |
| AdvisorShares Psychedelics ETF | 0.16 | 0.25 | — | 56 | Health & Biotech Equities | MLI vs PSIL | |
| VanEck Pharmaceutical ETF | 0.17 | 0.23 | 0.31 | 67 | Health & Biotech Equities | MLI vs PPH | |
| GraniteShares 2x Long AAPL Daily ETF | 0.20 | 0.24 | — | 74 | Leveraged Equities | MLI vs AAPB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MLI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.18 | -0.14 | 0.03 | 56 | Financial Services | |
| Exxon Mobil Corporation | -0.12 | 0.12 | 0.22 | 84 | Energy | |
| EOG Resources, Inc. | -0.10 | 0.13 | 0.22 | 61 | Energy | |
| Chord Energy Corp | -0.08 | 0.18 | 0.27 | 64 | Energy | |
| Devon Energy Corporation | -0.08 | 0.19 | 0.28 | 71 | Energy |
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