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
701 ETFs have low correlation with MLN (below 0.3), 27 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | — | — | 99 | Ultrashort Bond | MLN vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.13 | -0.05 | -0.04 | 75 | Commodities | MLN vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.13 | -0.04 | — | 50 | Commodities | MLN vs CMDT | |
| Bastion Energy ETF | -0.12 | — | — | 84 | Energy Equities | MLN vs BESF | |
| Fidelity Managed Futures ETF | -0.12 | — | — | 64 | Systematic Trend | MLN vs FFUT |
See all 1096 diversifiers for MLN
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Diversification Analysis
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