Looking to diversify beyond MYCG? The ETFs below have historically moved differently from MYCG, 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 MYCG
867 ETFs have low correlation with MYCG (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.34 | -0.21 | -0.21 | 51 | Oil & Gas | MYCG vs DBO | |
| Fidelity Managed Futures ETF | -0.32 | — | — | 85 | Systematic Trend, Actively Managed | MYCG vs FFUT | |
| Invesco DB Energy Fund | -0.30 | — | — | 66 | Oil & Gas | MYCG vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | — | — | 61 | Commodities | MYCG vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.28 | — | — | 56 | Commodities | MYCG vs COMT |
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