Looking to diversify beyond MYCN? The ETFs below have the lowest correlation with MYCN — 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 MYCN.
Best Diversifiers for MYCN
233 ETFs have low correlation with MYCN (below 0.3), 35 of which are negatively correlated. The least correlated is Fidelity Managed Futures ETF (FFUT) (Systematic Trend) with a 1Y correlation of -0.31, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.31 | -0.30 | -0.30 | 66 | Systematic Trend | MYCN vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.12 | -0.12 | 67 | Commodities | MYCN vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.26 | -0.12 | -0.12 | 65 | Commodities | MYCN vs CMDT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.25 | -0.12 | -0.12 | 67 | Commodities | MYCN vs CERY | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.25 | -0.11 | -0.11 | 52 | Commodities | MYCN vs CMDY |
See all 1119 diversifiers for MYCN
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