Looking to diversify beyond MYCF? The ETFs below have the lowest correlation with MYCF — 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 MYCF.
Best Diversifiers for MYCF
1072 ETFs have low correlation with MYCF (below 0.3), 53 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.18, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.18 | -0.09 | -0.09 | 57 | Oil & Gas | MYCF vs DBE | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.18 | — | — | 79 | Commodities | MYCF vs COM | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.17 | — | — | 70 | Commodities | MYCF vs CMDT | |
| iShares Global Energy ETF | -0.17 | — | — | 61 | Energy Equities | MYCF vs IXC | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.17 | -0.00 | -0.00 | 58 | Commodities | MYCF vs BCD |
See all 1167 diversifiers for MYCF
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