Looking to diversify beyond MYCN? The ETFs below have historically moved differently from MYCN, 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 MYCN
259 ETFs have low correlation with MYCN (below 0.3), 57 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | — | — | 72 | Oil & Gas | MYCN vs DBE | |
| United States Brent Oil Fund LP | -0.43 | — | — | 52 | Oil & Gas | MYCN vs BNO | |
| Invesco DB Oil Fund | -0.42 | — | — | 58 | Oil & Gas | MYCN vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.39 | — | — | 58 | Commodities | MYCN vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | — | — | 67 | Commodities | MYCN vs GSG |
See all 1264 diversifiers for MYCN
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