Looking to diversify beyond MYMF? The ETFs below have the lowest correlation with MYMF — 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 MYMF.
Best Diversifiers for MYMF
1175 ETFs have low correlation with MYMF (below 0.3), 449 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.20, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.20 | -0.17 | -0.17 | 65 | Oil & Gas | MYMF vs BNO | |
| Invesco DB Oil Fund | -0.17 | -0.16 | -0.16 | 65 | Oil & Gas | MYMF vs DBO | |
| Invesco DB Energy Fund | -0.17 | -0.16 | -0.16 | 71 | Oil & Gas | MYMF vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | -0.13 | -0.13 | 77 | Commodities | MYMF vs DBC | |
| First Trust Energy AlphaDEX Fund | -0.16 | -0.09 | -0.09 | 69 | Energy Equities | MYMF vs FXN |
See all 1237 diversifiers for MYMF
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