Looking to diversify beyond MTBA? The ETFs below have the lowest correlation with MTBA — 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 MTBA.
Best Diversifiers for MTBA
414 ETFs have low correlation with MTBA (below 0.3), 51 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | — | — | 63 | Leveraged Currency | MTBA vs YCS | |
| United States Gasoline Fund LP | -0.42 | — | — | 55 | Oil & Gas | MTBA vs UGA | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 64 | Systematic Trend | MTBA vs FFUT | |
| VanEck Commodity Strategy ETF | -0.27 | — | — | 57 | Commodities | MTBA vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | — | — | 75 | Commodities | MTBA vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MTBA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTBA and solid risk/return profiles. The least correlated is Western Midstream Partners, LP (WES) (Energy) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | -0.12 | 0.01 | 0.01 | 74 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.03 | 0.03 | 85 | Energy | |
| Oxford Lane Capital Corp. | -0.03 | 0.04 | 0.04 | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.09 | 0.00 | 0.00 | 87 | Financial Services | |
| Brookfield Renewable Corporation | 0.23 | 0.21 | 0.21 | 62 | Utilities |
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