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
693 ETFs have low correlation with MTBA (below 0.3), 86 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | — | — | 63 | Leveraged Currency | MTBA vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.26 | -0.26 | 71 | Oil & Gas | MTBA vs DBE | |
| United States Gasoline Fund LP | -0.43 | — | — | 71 | Oil & Gas | MTBA vs UGA | |
| Invesco DB Oil Fund | -0.42 | -0.24 | -0.24 | 65 | Oil & Gas | MTBA vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.41 | -0.27 | -0.27 | 56 | Derivative Income | MTBA vs USOY |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.11 | — | — | 86 | Energy | |
| Western Midstream Partners, LP | -0.10 | — | — | 76 | Energy | |
| Oxford Lane Capital Corp. | -0.04 | — | — | 95 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.05 | -0.00 | -0.00 | 88 | Financial Services |
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