Looking to diversify beyond MXI? The ETFs below have the lowest correlation with MXI — 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 MXI.
Best Diversifiers for MXI
198 ETFs have low correlation with MXI (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.26 | -0.20 | 63 | Leveraged Currency | MXI vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.02 | 0.14 | 55 | Oil & Gas | MXI vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | MXI vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.04 | -0.03 | 100 | Ultrashort Bond | MXI vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | MXI vs BIL |
See all 1450 diversifiers for MXI
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