Looking to diversify beyond MUSE? The ETFs below have historically moved differently from MUSE, 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 MUSE
366 ETFs have low correlation with MUSE (below 0.3), 59 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | — | — | 72 | Oil & Gas | MUSE vs DBE | |
| United States Brent Oil Fund LP | -0.30 | — | — | 52 | Oil & Gas | MUSE vs BNO | |
| Strive U.S. Energy ETF | -0.30 | — | — | 70 | Energy Equities | MUSE vs DRLL | |
| Direxion Daily Energy Bull 2X Shares | -0.28 | — | — | 71 | Energy Equities, Leveraged Equities | MUSE vs ERX | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.28 | — | — | 67 | Energy Equities | MUSE vs IEO |
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