Looking to diversify beyond MNBD? The ETFs below have historically moved differently from MNBD, 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 MNBD
994 ETFs have low correlation with MNBD (below 0.3), 64 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.28 | -0.16 | — | 58 | Oil & Gas | MNBD vs DBO | |
| Invesco DB Energy Fund | -0.28 | -0.15 | — | 72 | Oil & Gas | MNBD vs DBE | |
| Bastion Energy ETF | -0.28 | — | — | 88 | Energy Equities | MNBD vs BESF | |
| United States Brent Oil Fund LP | -0.26 | -0.15 | — | 52 | Oil & Gas | MNBD vs BNO | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.25 | -0.09 | — | 67 | Energy Equities | MNBD vs IEO |
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