Looking to diversify beyond MODL? The ETFs below have the lowest correlation with MODL — 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 MODL.
Best Diversifiers for MODL
181 ETFs have low correlation with MODL (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.12 | -0.03 | 71 | Oil & Gas | MODL vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.10 | — | 65 | Oil & Gas | MODL vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.10 | -0.02 | 65 | Oil & Gas | MODL vs DBO | |
| iShares Commodities Select Strategy ETF | -0.25 | -0.03 | 0.03 | 72 | Commodities | MODL vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.03 | 0.04 | 72 | Commodities | MODL vs GSG |
See all 1208 diversifiers for MODL
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