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
239 ETFs have low correlation with MXI (below 0.3), 31 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.49 | -0.47 | -0.52 | 51 | Currency | MXI vs UUP | |
| ProShares Short Bitcoin ETF | -0.32 | -0.26 | -0.31 | 57 | Cryptocurrency | MXI vs BITI | |
| ProShares UltraShort Yen | -0.32 | -0.26 | -0.21 | 72 | Leveraged Currency | MXI vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | MXI vs SBIT | |
| Invesco DB Energy Fund | -0.27 | -0.02 | 0.16 | 53 | Oil & Gas | MXI vs DBE |
See all 1545 diversifiers for MXI
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