Looking to diversify beyond MLN? The ETFs below have the lowest correlation with MLN — 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 MLN.
Best Diversifiers for MLN
620 ETFs have low correlation with MLN (below 0.3), 44 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 -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.14 | -0.07 | 53 | Oil & Gas | MLN vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.11 | -0.05 | 51 | Commodities | MLN vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.10 | -0.04 | 54 | Commodities | MLN vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.19 | -0.11 | -0.11 | 51 | Commodities | MLN vs DCMT | |
| Fidelity Managed Futures ETF | -0.16 | — | — | 71 | Systematic Trend | MLN vs FFUT |
See all 1165 diversifiers for MLN
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