Looking to diversify beyond MLN? The ETFs below have historically moved differently from MLN, 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 MLN
550 ETFs have low correlation with MLN (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.16 | -0.08 | 72 | Oil & Gas | MLN vs DBE | |
| Invesco DB Oil Fund | -0.30 | -0.16 | -0.09 | 58 | Oil & Gas | MLN vs DBO | |
| United States Brent Oil Fund LP | -0.27 | -0.15 | -0.09 | 52 | Oil & Gas | MLN vs BNO | |
| Invesco DB Commodity Index Tracking Fund | -0.25 | -0.12 | -0.05 | 71 | Commodities | MLN vs DBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.13 | -0.06 | 67 | Commodities | MLN vs GSG |
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