Looking to diversify beyond MPRO? The ETFs below have historically moved differently from MPRO, 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 MPRO
157 ETFs have low correlation with MPRO (below 0.3), 43 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 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.18 | 0.02 | 72 | Oil & Gas | MPRO vs DBE | |
| Invesco DB Oil Fund | -0.35 | -0.17 | 0.01 | 58 | Oil & Gas | MPRO vs DBO | |
| United States Brent Oil Fund LP | -0.34 | -0.17 | -0.00 | 52 | Oil & Gas | MPRO vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.10 | 0.07 | 67 | Commodities | MPRO vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.27 | -0.11 | 0.06 | 58 | Commodities | MPRO vs COMT |
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