Looking to diversify beyond MMAX? The ETFs below have historically moved differently from MMAX, 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 MMAX
260 ETFs have low correlation with MMAX (below 0.3), 37 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | — | — | 51 | Cryptocurrency | MMAX vs BITI | |
| Invesco DB Energy Fund | -0.23 | — | — | 66 | Oil & Gas | MMAX vs DBE | |
| Invesco DB Oil Fund | -0.19 | — | — | 51 | Oil & Gas | MMAX vs DBO | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.13 | -0.00 | -0.00 | 54 | Leveraged Equities | MMAX vs GUSH | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.13 | 0.01 | 0.01 | 68 | Energy Equities | MMAX vs IEO |
See all 1397 diversifiers for MMAX
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