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
887 ETFs have low correlation with MLN (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.12 | -0.07 | 71 | Oil & Gas | MLN vs DBE | |
| Invesco DB Oil Fund | -0.22 | -0.12 | -0.07 | 65 | Oil & Gas | MLN vs DBO | |
| United States Brent Oil Fund LP | -0.20 | -0.12 | -0.08 | 65 | Oil & Gas | MLN vs BNO | |
| iShares Commodities Select Strategy ETF | -0.18 | -0.10 | -0.05 | 72 | Commodities | MLN vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.09 | -0.05 | 72 | Commodities | MLN vs GSG |
See all 1225 diversifiers for MLN
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