Looking to diversify beyond MXI? The ETFs below have historically moved differently from MXI, 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 MXI
279 ETFs have low correlation with MXI (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | — | 61 | Cryptocurrency | MXI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | MXI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | MXI vs MSTZ | |
| Invesco DB Energy Fund | -0.29 | -0.05 | 0.14 | 72 | Oil & Gas | MXI vs DBE | |
| ProShares UltraShort Yen | -0.29 | -0.26 | -0.21 | 56 | Leveraged Currency | MXI vs YCS |
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