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
451 ETFs have low correlation with MTBA (below 0.3), 75 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | — | — | 51 | Currency | MTBA vs UUP | |
| ProShares UltraShort Yen | -0.44 | — | — | 72 | Leveraged Currency | MTBA vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.25 | -0.25 | 78 | Oil & Gas | MTBA vs UGA | |
| Invesco DB Energy Fund | -0.40 | -0.26 | -0.26 | 53 | Oil & Gas | MTBA vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.20 | -0.20 | 51 | Commodities | MTBA vs GSG |
To view more results, upgrade your current subscription plan.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | -0.15 | — | — | 80 | Energy | |
| Enterprise Products Partners L.P. | -0.14 | — | — | 87 | Energy | |
| Oxford Lane Capital Corp. | -0.02 | 0.04 | 0.04 | 96 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | — | — | 88 | Financial Services | |
| Agree Realty Corporation | 0.14 | 0.25 | 0.25 | 70 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MTBA
Add MTBA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MTBA