Looking to diversify beyond MTGP? The ETFs below have historically moved differently from MTGP, 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 MTGP
681 ETFs have low correlation with MTGP (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.15 | 72 | Oil & Gas | MTGP vs DBE | |
| Invesco DB Oil Fund | -0.41 | -0.20 | -0.14 | 58 | Oil & Gas | MTGP vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.21 | -0.14 | 52 | Oil & Gas | MTGP vs BNO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.39 | -0.19 | -0.12 | 58 | Commodities | MTGP vs COMT | |
| DoubleLine Commodity Strategy ETF | -0.39 | — | — | 63 | Commodities | MTGP vs DCMT |
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