Looking to diversify beyond MMCA? The ETFs below have historically moved differently from MMCA, 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 MMCA
828 ETFs have low correlation with MMCA (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.36 | -0.18 | — | 58 | Oil & Gas | MMCA vs DBO | |
| Invesco DB Energy Fund | -0.36 | -0.18 | — | 72 | Oil & Gas | MMCA vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.18 | — | 52 | Oil & Gas | MMCA vs BNO | |
| Strive U.S. Energy ETF | -0.29 | -0.09 | — | 70 | Energy Equities | MMCA vs DRLL | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.14 | — | 67 | Commodities | MMCA vs GSG |
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