Looking to diversify beyond MTBA? The ETFs below have historically moved differently from MTBA, 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 MTBA
531 ETFs have low correlation with MTBA (below 0.3), 100 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | — | — | 59 | Leveraged Currency | MTBA vs YCS | |
| Invesco DB Energy Fund | -0.42 | — | — | 66 | Oil & Gas | MTBA vs DBE | |
| Invesco DB Oil Fund | -0.39 | — | — | 51 | Oil & Gas | MTBA vs DBO | |
| United States Gasoline Fund, LP | -0.37 | -0.24 | -0.24 | 83 | Oil & Gas | MTBA vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.37 | — | — | 56 | Commodities | MTBA vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MTBA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.19, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.19 | 0.01 | 0.01 | 89 | Energy | |
| Western Midstream Partners, LP | -0.14 | -0.00 | -0.00 | 82 | Energy | |
| Oxford Lane Capital Corp. | -0.03 | 0.04 | 0.04 | 97 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.08 | -0.00 | -0.00 | 86 | Financial Services | |
| Agree Realty Corporation | 0.12 | 0.24 | 0.24 | 60 | Real Estate |
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