Looking to diversify beyond MODL? The ETFs below have historically moved differently from MODL, 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 MODL
172 ETFs have low correlation with MODL (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | — | 61 | Cryptocurrency | MODL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.06 | — | 56 | Options Trading | MODL vs CAOS | |
| Invesco DB Energy Fund | -0.35 | -0.14 | — | 72 | Oil & Gas | MODL vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.13 | — | 52 | Oil & Gas | MODL vs BNO | |
| Invesco DB Oil Fund | -0.30 | -0.11 | — | 58 | Oil & Gas | MODL vs DBO |
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