Looking to diversify beyond MVRL? The ETFs below have historically moved differently from MVRL, 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 MVRL
439 ETFs have low correlation with MVRL (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.10 | 0.07 | 72 | Oil & Gas | MVRL vs DBE | |
| United States Oil Fund LP | -0.28 | -0.08 | 0.07 | 55 | Oil & Gas | MVRL vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.07 | 52 | Oil & Gas | MVRL vs BNO | |
| ProShares UltraShort Yen | -0.27 | -0.19 | -0.14 | 56 | Leveraged Currency | MVRL vs YCS | |
| Invesco DB Oil Fund | -0.27 | -0.07 | 0.07 | 58 | Oil & Gas | MVRL vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MVRL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.01 | 0.22 | 0.31 | 98 | Technology | |
| Equinix, Inc. | 0.16 | 0.31 | 0.40 | 82 | Real Estate |
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