Looking to diversify beyond MMIT? The ETFs below have historically moved differently from MMIT, 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 MMIT
1062 ETFs have low correlation with MMIT (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.27, 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 Oil Fund | -0.27 | -0.15 | -0.08 | 58 | Oil & Gas | MMIT vs DBO | |
| Invesco DB Energy Fund | -0.27 | -0.15 | -0.08 | 72 | Oil & Gas | MMIT vs DBE | |
| Strive U.S. Energy ETF | -0.25 | -0.07 | — | 70 | Energy Equities | MMIT vs DRLL | |
| VanEck Energy Income ETF | -0.24 | 0.03 | 0.03 | 83 | Energy Equities | MMIT vs EINC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.24 | -0.12 | -0.04 | 72 | Commodities | MMIT vs PDBC |
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