Looking to diversify beyond MYCO? The ETFs below have the lowest correlation with MYCO — 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 MYCO.
Best Diversifiers for MYCO
5 ETFs have low correlation with MYCO (below 0.3), 3 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.25 | -0.25 | -0.25 | 66 | Energy Equities | MYCO vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.21 | -0.21 | -0.21 | 100 | Government Bonds, Ultrashort Bond | MYCO vs BIL | |
| Invesco BulletShares 2026 Corporate Bond ETF | -0.03 | -0.03 | -0.03 | 99 | Corporate Bonds | MYCO vs BSCQ | |
| ProShares Investment Grade-Interest Rate Hedged | 0.19 | 0.19 | 0.19 | 65 | Corporate Bonds | MYCO vs IGHG | |
| SPDR Bloomberg Barclays Investment Grade Floating ... | 0.20 | 0.20 | 0.20 | 99 | Corporate Bonds | MYCO vs FLRN |
See all 12 diversifiers for MYCO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MYCO
Add MYCO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MYCO