Looking to diversify beyond MNVT? The ETFs below have the lowest correlation with MNVT — 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 MNVT.
Best Diversifiers for MNVT
0 ETFs have low correlation with MNVT (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR SSgA Income Allocation ETF (INKM) (Global Equities) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR SSgA Income Allocation ETF | 0.55 | 0.55 | 0.55 | 65 | Global Equities | MNVT vs INKM | |
| WBI BullBear Value 3000 ETF | 0.62 | 0.62 | 0.62 | 62 | Global Equities | MNVT vs WBIF | |
| Vanguard Total World Stock ETF | 0.72 | 0.72 | 0.72 | 60 | Global Equities | MNVT vs VT | |
| AdvisorShares STAR Global Buy-Write ETF | 0.73 | 0.73 | 0.73 | 58 | Global Equities | MNVT vs VEGA |
Diversification Analysis
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